Show how the following will be recorded in the capital accounts of the partners Sohan and Mohan
when their capitals are fluctuating :
Sohan Rs. Mohan Rs.
Capital on 1-1-2007 4,00,000 3,00,000
Drawings during 2007 50,000 30,000
Interest on capital 5% 5%
Interest on drawings 1,250 750
Share of profit for 2007 60,000 50,000
Partner’s salary 36,000 ---
Commission 5,000 3,000
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