Question

UN
respect
A and B are partners in the ratio of 3: 2. The firm maintains fluctuating capital accounts and s
of the same as on 31-03-2020 amounted to 1,60,000 and 1,40,000 for A and B
drawings during the year were 30,000 each.
As per partnership deed interest on capital @10% p.a. on opening capitals had been providers
Calculate opening capitals of partners given that their profits were 90,000. Show your working clear ly how to calculate intrest of drawing​

Answer 1

Explanation:

UN

respect

A and B are partners in the ratio of 3: 2. The firm maintains fluctuating capital accounts and s

of the same as on 31-03-2020 amounted to 1,60,000 and 1,40,000 for A and B

drawings during the year were 30,000 each.

As per partnership deed interest on capital @10% p.a. on opening capitals had been providers

Calculate opening capitals of partners given that their profits were 90,000. Show your working clear ly how to calculate