Show how the following items will appear in the capital accounts of the partners Ali and Ahmed when their capital is Fixed Ahmed(R. Particulars Ali (R.O ) Capital on 01.01.2015 90,000 70,000 Drawings during 12,000 9,000 2015-2016 Interest on Drawings 360 270 Interest on Capital 5,400 4,200 Partner's salary 12,000 --- Commission 6,000 ---- Share of profit for 6,000 4,000 2015-16
Show how the following items will appear in the capital accounts of the partners Ali and Ahmed when their capital is Fixed Ahmed(R. Particulars Ali (R.O ) Capital on 01.01.2015 90,000 70,000 Drawings during 12,000 9,000 2015-2016 Interest on Drawings 360 270 Interest on Capital 5,400 4,200 Partner's salary 12,000 --- Commission 6,000 ---- Share of profit for 6,000 4,000 2015-16
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Show how the following items will appear in the capital
accounts of the partners Ali and Ahmed when their capital is
Fixed
Ahmed(R.
Particulars
Ali (R.O )
Capital on 01.01.2015
90,000
70,000
Drawings during
12,000
9,000
2015-2016
Interest on Drawings
360
270
Interest on Capital
5,400
4,200
Partner's salary
12,000
---
Commission
6,000
Share of profit for
6,000
4,000
2015-16](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0512f021-d7de-473f-9ea3-ff55e4b3148d%2F04713023-2688-421c-be5a-ce2bdfba34eb%2F2anlkjf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Show how the following items will appear in the capital
accounts of the partners Ali and Ahmed when their capital is
Fixed
Ahmed(R.
Particulars
Ali (R.O )
Capital on 01.01.2015
90,000
70,000
Drawings during
12,000
9,000
2015-2016
Interest on Drawings
360
270
Interest on Capital
5,400
4,200
Partner's salary
12,000
---
Commission
6,000
Share of profit for
6,000
4,000
2015-16
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