Question

The capital accounts of Alka and Archana showed credit balances of
4,00,000 and 3,00,000 respectively, after taking into account
drawings and net profit of 72,00,000. The drawings of the partners
during the year 2018 - 19 were:
Alka withdrew 10,000 at the end of each quarter.
Archana's drawings were:
31st May, 2018
8,000
15 November, 2018
7,000
1st February, 2019 5,000
Calculate interest on partners' capitals @ 10% p.a. and interest on
partners' drawings @ 6% p.a. for the year ended 31st March, 2019.
2/3
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Answer 1

Answer:

drawings and net profit of 72, 00,000. The drawings of the partners during the year 2018 - 19 were: Alka withdrew 10,000 at the end of each quarter. Archana's drawings ...

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