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InterviewSolution
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b) Received Interest on Drawing 4,000 = 00 Answer c) Adjust Interest on Drawing by Capital 5,000 = 00 Answer d) Paid Interest on Capital 10,000 = 00 Answer e) Adjust Interest on Capital with Capital A / c 5,000 |
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Answer» ong>Answer: PROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars Amount To Interest on capital A= 50000*5%=2500 B=30000*5%=1500 C=20000*5%=1000 5000 By net profit 45000 To salary to B= 5000 C=5000 10000 To profit T/f to P's CURRENT A/c 15000 Q's current A/c 9000 R's current A/c 6000 30000 Total 45000 Total 45000 PARTNERS CAPITAL ACCOUNT Particulars A B C Particulars A B C To balance c/d 50000 30000 20000 By balance b/d 50000 30000 20000 Total 50000 30000 20000 Total 50000 30000 20000 PARTNERS CURRENT ACCOUNT Particulars A B C Particulars A B C To drawings 10000 7500 6000 By bal b/d 4500 1500 1000 By Interest on capital 2500 1500 1000 By bal c/d 12000 9500 7000 By Salaries 5000 5000 P/L Appropriation A/c 15000 9000 6000 Total 22000 17000 13000 |
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