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From the following information, prepare capital accounts of partners Padmini and Padma, when their capitals are fluctuating. - Accountancy

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प्रश्न

From the following information, prepare capital accounts of partners Padmini and Padma, when their capitals are fluctuating.

Particulars Padmini
Padma
Capital on 1st January 2018 (Cr. balance) 5,00,000 4,00,000
Capital on 1st January 2018 (Cr. balance) 70,000 40,000
Interest on drawings 2,000 1,000
Share of profit for 2018 52,000 40,000
Interest on capital 30,000 24,000
Salary 45,000 Nil
Commission Nil 21,000
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उत्तर

Dr. Capital Account Cr.
Particulars Padmini Padma Particulars Padmini Padma
To Drawings 70,000 40,000 By balance b/d 5,00,000 4,00,000
To Interest on Drawings 2,000 1,000 By share of profit 52,000 40,000
To balance c/d 5,55,000 4,44,000 By Interest on capital 30,000 24,000
      By salary 45,000  
      By commission   21,000
  6,27,000 4,85,000   6,27,000 4,85,000
      By balance b/d 5,55,000 4,44,000
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पाठ 3: Accounts of partnership firms–fundamentals - Exercises [पृष्ठ ११३]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
पाठ 3 Accounts of partnership firms–fundamentals
Exercises | Q IV 4. | पृष्ठ ११३
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