Sheela and Leela are partners in a firm. On 1st January 2018 the balance of their Capital accounts were * 4,00,000 and * 3,00,000 respectively. On 1st May 2018 they introduced 50,000 and 40,000 respectively. On 1st November, 2018 Leela withdraw 12,000 from his capital. Interest is allowed on capital at 6% per annum calculate the interest on capital for the year ending on 31st December, 2018. [Ans. Interest on Capital : Sheela 26,000 and Leela 19,480] to the capit als of A. B and C stood in
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Answered by
6
Answer:
Machinery
800
Expenses Owing
750
Loose Tools
400
Factory Premises
1,800
Profit transferred to Capital Account:
Meena
675
Radha
450
Answered by
16
Step-by-step explanation:
the answer is
Sheela = 675
Leela = 450
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