Accountancy, asked by Anjalibansal9075, 11 months ago

Show how the following will be recorded in the Capital Accounts of the Partners Sohan and Mohan when their capitals are fluctuating:

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Answered by kingofself
18

Working Notes:

Calculation of Interest on Capital

Interest on Schen's Capital  =4,00,000 \times \frac{5}{100}=20,000$

Interest on Mohan's Capital =3,00,000 \times \frac{5}{100}=15,000$

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