Question

y and z are partners with capital of 25000 and 15000 on 1st April 2016 each partner is entitled 9%pa interest on his capital z intitled salary 6000 together with a commission 6%of net profit remaining after deducting interest on capital and salary and after charging his commission profit for the year ended 31march 2017 before making any of the above mentioned adjustment amount to 30800 prepare partners capital account when capital are fixed and when capital are fluctuating ​

Answer 1

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Answer 2

Answer:

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