5.000Ans: Sohan Capital A/c-469754t Mohan's Capital A/e-Sajal and Kajal are partners sharing prolits and losses in the ratio of 2:1.On 1st April, 2017 thwere Sajalーて50,000 and Kaal-t 40,000.Prepare Proflit and Loss Appropriation Account and the Partners Capital Accounts at the endafter considering the following items(a) Interest on Capital is to be alowed 5% p.a.b) Interest on the loan advanced by Kajal for the whole year, the amount of loan being 3id Interest on partners' drawings 6% pa Drawings: Sajal t 10.000 and Kajaパ8.000.(d) 10%ofthe dvsble profit is to be transferred to Reserve.The net profit for the year ended 31st March, 2018 68,460.Note: Net profit means net profit after debit of interest on loan by the partner45.Ans: Closing Balances of Capital Alcs: Sajal 80 900 KajalShare of Profit Sajal-38,700 Kajal19350Reserve

5.000Ans: Sohan Capital A/c-469754t Mohan's Capital A/e-Sajal and Kaja

1.	5.000Ans: Sohan Capital A/c-469754t Mohan's Capital A/e-Sajal and Kajal are partners sharing prolits and losses in the ratio of 2:1.On 1st April, 2017 thwere Sajalーて50,000 and Kaal-t 40,000.Prepare Proflit and Loss Appropriation Account and the Partners Capital Accounts at the endafter considering the following items(a) Interest on Capital is to be alowed 5% p.a.b) Interest on the loan advanced by Kajal for the whole year, the amount of loan being 3id Interest on partners' drawings 6% pa Drawings: Sajal t 10.000 and Kajaパ8.000.(d) 10%ofthe dvsble profit is to be transferred to Reserve.The net profit for the year ended 31st March, 2018 68,460.Note: Net profit means net profit after debit of interest on loan by the partner45.Ans: Closing Balances of Capital Alcs: Sajal 80 900 KajalShare of Profit Sajal-38,700 Kajal19350Reserve
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