# y and z are partners with capital of rs 25000 and 15000 each partner is entitled to 9% intrest on capital z is entitled to a salary of rs 6000 p.a together with a commision of 6% of net profit remaining after deducting intrest on capitals and salary and after charging his commision the profit for the year before making any of the above adjstment amount to rs 30800 prepare partners capital acc

 Partners’ Capital Accounts Dr. Cr. Particulars Y Z Particulars Y Z Balance C/d 25,000 15,000 Interest on Capital (WN:1) 2,250 1,350 Z’s Salary 6,000 Commission (WN:2) 1,200 Profit and Loss (WN :3) 10,000 10,000 Balance C/d 37,250 33,550 37,250 33,550 37,250 33,550

Working Notes:

WN:1 Interest on Capital

WN: 2  Z’s Commission

Profit After Charging Interest and Salary = Rs 30,800- Rs 2,250-Rs1, 350- Rs6,000 = Rs 21,200

WN: 3 Share of Profit

As nothing has been mentioned in the question regarding profit sharing ratio we are assuming the profit sharing ratio is 1:1

Profit remaining : 30,800-2,250-1,350-6,000-1,200 = Rs 20,000

Y’s Share = Rs 10,000

Z’s Share = Rs 10,000

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