Question 13 Chapter 2 of +2 Part-1 - USHA Publication 12 Class Part - 1

Question 13 Chapter 2 of +2-Part-1

13. (Capital a/c’s) Show how the following items will be recorded in the capital account of partners:

	Raja	Rani
Opening Capital	25,000	40,000
Drawings during the year	4,000	6,000
Interest on Capital	2,500	4,000
Interest on Drawings	400	500
Salary	6,000	.....
Commission	……	8,000

The solution of Question 13 Chapter 2 of +2 Part-1: - 

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Partners’ Capital Accounts

Particulars		Raja	Rani	Particulars		Raja	Rani
To Drawings A/c		4,000	6,000	By Balance B/d		25,000	40,000
To Interest on Drawings A/c		400	500	By Interest on Capital A/c		2,500	4,000
				By Salary		6,000	-
				By Commission		-	8,000
To Balance c/d		29,100	45,500
		33,500	52,000			33,500	52,000

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