Question - 10

Anubha and kajal are partners in a firm their capital on during the year Rs. 90,000 and Rs. 60,000 respectively the profit of the year Rs. 45,000 and salary is allowed to anubha Rs. 700 per month and kajal Rs. 500 per month at the ended the year drawing were anubha Rs. 8,500 and Kajal Rs. 6,500 and interest on drawing and capital @ 5% and prepare partners capital account, assume that capital is fixed.

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