Accountancy, asked by sneha7883, 5 months ago

x and y are partners sharing profits and losses in the ratio of their capitals

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Answered by singhharkirat747

Answer:

Their Capital Accounts as at 1st April, 2017 stood at X−Rs. 5,00,000;Y−Rs. The partners are allowed interest on capital @ 5% p.a. The drawings of the partners during the year ended 31st March, 2018 amounted to Rs. ...

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x and y are partners sharing profits and losses in the ratio of their capitals​

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x and y are partners sharing profits and losses in the ratio of their capitals