Question

Red and Rose entered into a partnership on the
following terms on 1 Jan 2015 :
(a) Red and Rose are to contribute capitals of
Rs. 1,00,000 and Rs. 60,000 respectively.
(b) Profits and Losses are to be shared in the
ratio 3 : 2.
(c) Interest on capital at 5% p.a. and on
drawings @ 2% p.a.
(d) Red is to get a salary of Rs. 1,000 per month.
(e) Rose is to get commission at 2% on the net
profit of the firm before charging any of the
above.
On 31st December 2015, their trading profits
before above terms was Rs. 1,20,000. During
the year, Red has withdrawn Rs. 2,000 and
Rose
Rs. 1,000 on which interest to be charged for
the whole year.
Prepare Capital accounts under fixed and
fluctuating methods.

Answer 1

Answer:

Dkdhgslsgedpdhgddkldxdjslsbdcscsjd

Answer 2

$\setlength{\unitlength}{1cm}\begin{picture}(20,15)\put(3,4){Ri}\end{picture}$