Examples 4 Introduction to Partnership and Partnership Final Accounts Answer the following

 Book- Keeping and Accountancy

STANDARD XII

Chapter 1. Introduction to Partnership and Partnership Final Accounts

Page No. in book (12)


Answer the following

Examples 4

4) Sun and Moon were partners with capital of ` 10,00,000 and ` 5,00,000 respectively. They agree to share profits in the ratio 3 : 2. Show how the following transactions will be recorded in the capital accounts of the partners in both the cases when i) Capitals are fluctuatin and ii) Capitals are fixed. They also introduced additional capital of ` 2,25,000 and ` 1,50,000

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ANS:

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