Question

sanjay and kavita are partners profits in the ratio of 2:1 on 1st April 2019 their capital's were sanjay Rs50000 and kavita 40000.prepare profit &loss appropriate account and partners capital at the end of the year after considering the following items.
1-interest on capital is to be allowed@5%p.a
2-interest on the loan advanced by kavita for the whole year.the amount of loan beingRs 30000
3-interest on partners drawings@6%p.a drawings sanjay 10000 and kavita 8000​

Answer 1

Answer:

Refer to the images for the solution, couldn't solce the whole as the amount of profit was not mentioned in the question.

THANK YOU