Show how the following will be recorded in the Capital Accounts of the Partners Sohan and...
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Show how the following will be recorded in the Capital Accounts of the Partners Sohan and Mohan when their capitals are fluctuating: Capitals on 1st April 2017 Drawings during 2017-18 Interest on Capital Interest on Drawings Share of Profit for 2017-18 Partner's Salary Commission Sohan (Rs.) Mohan (Rs.) 4,00,000 3,00,000 50,000 30,000 5% 5% 750 50,000 1,250 60,000 36,000 5,000 3,000 Show how the following will be recorded in the Capital Accounts of the Partners Sohan and Mohan when their capitals are fluctuating: Capitals on 1st April 2017 Drawings during 2017-18 Interest on Capital Interest on Drawings Share of Profit for 2017-18 Partner's Salary Commission Sohan (Rs.) Mohan (Rs.) 4,00,000 3,00,000 50,000 30,000 5% 5% 750 50,000 1,250 60,000 36,000 5,000 3,000
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PARTNERS CAPITAL AC Dr Cr Particulars Sohan Mohan Particulars Sohan Mohan To ... View the full answer
Related Book For
Introduction to Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff rey F. Beatty, Susan S. Samuelson
Posted Date:
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