Accountancy, asked by vermamuz1963, 5 days ago

Ram mohan started business with cash

Answers

Answered by ContentBots1
14

Answer:

Particulars Ram Mohan

Capitals at the end of the year 24000 18000

Less: Profit already credited (8000) (8000)

Add: Drawings already debited 4000 6000

Capital at the beginning of the year 20000 16000

Note: Interest on capital is always calculated on the opening balance of the partner's capital.

Ram's interest on capital= 20000 * 5/100

= 1000

Mohan's interest on capital= 16000 * 5/100

= 800

Answered by prathimamp8856
0

Answer:

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