Solve q no 42 and no links and state the reason and logic also .pls no links .solve it
Solve q no 42 and no links and state the reason and logic also .pls no links .solve it and Bir are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 3 1 st March, 2019 after
the books of account their Capital Accounts stood at 4BO.tm ard respectively. On
May. Simrat introduced an additional capital of 1.20000 and 8ir withdrew from his
On 1st October. 2018. Simrat withdrew 240,000 from her capital ard Bir introduced 3,WOOO.
on capital is allcn•ved at p.a Subsequently. it was noticed that interest on capital @ 6% pa.
been omitted Profit for the year ended 3 st March. 2019 amounted to and the partners'
had been: Sirnrat—t and Compute the interest on caN if the capitals are
and (b' fluctuating.
(Ans.: (a' 25 val
LOSS Appropriation Account and Partners' Capital Accounts
partners in firm C has conaibuted 1 and 0 as capital Interest is payable
is to a per month In the year 31 st March. 2019. profit
interest C D.
get and
started a business 1st APN 201S_ cavftal
Partnership Deed as
t. get mutth.
the year 3 ISt March. 2. utterest to
y-.d 2.SN for Vijay.
Appropriation sa.2•au
16