A and B are the partners sharing profits and losses equally with capitals of 30000 and 20000 respectively Their - Accountancy - Accounting for Partnership Basic Concepts

Question

A and B are the partners sharing profits and losses equally with
capitals of 30000 and 20000 respectively Their drawings during the
year ending 31 march, 2013 are follows

A'drawings on 30-6-2012 2000
31-7-2012 1000
01-10-2012 1000
01-3-2013 1600

B drew 600 at the end of each month The deed provides intrest on
capitals and drawings at 10% p a calculate intrest on capitals and
drawings

Monikamali17 . · Accepted Answer

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