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प्रश्न
Sarita and Veena were partners in a firm sharing profits and losses in the ratio of 3:2. The balance in their capital and current accounts as on 1st April, 2024 were as under:
| Particulars | Sarita (₹) | Veena (₹) |
| Capital Accounts | 4,00,000 | 3,00,000 |
| Current Accounts | 80,000 (Cr.) | 60,000 (Dr.) |
The partnership deed provided that Sarita was to be paid a salary @ ₹ 2,000 per month, whereas Veena was to get a commission of ₹ 30,000 for the year. Interest on capital was to be allowed @ 8% p.a. The drawings of Sarita and Veena for the year ended 31st March, 2025 were ₹ 20,000 and ₹ 15,000 respectively. After preparing the Profit and Loss Appropriation Account for the year ended 31st March, 2025, ₹ 36,000 and ₹ 24,000 were credited respectively to the current accounts of Sarita and Veena as their share of divisible profit.
Prepare the current accounts of Sarita and Veena.
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उत्तर
| Dr. | Partners’ Current Accounts For the year ended 31st March, 2025 |
Cr. | |||
| Particulars | Sarita (₹) | Veena (₹) | Particulars | Sarita (₹) | Veena (₹) |
| To Balance b/d | 60,000 | By Balance b/d | 80,000 | ||
| To Drawings | 20,000 | 15,000 | By Salary | 24,000 | |
| To Balance c/d | 1,52,000 | 3,000 | By Commission | 30,000 | |
| By Int. on Capital | 32,000 | 24,000 | |||
| By P&L Appr. A/c | 36,000 | 24,000 | |||
| 1,72,000 | 78,000 | 1,72,000 | 78,000 | ||
Working note:
Let’s calculate the Interest on Capital:
Sarita = `4,00,000 xx 8/100`
= 32,000
Veena = `3,00,000 xx 8/100`
= 24,000
Sarita’s Salary = 2,000 × 12
= 24,000
