Show how the following will be shown in the Capital Accounts of the partner’s John and Mathew when their capitals are fluctuating:
Show how the following will be shown in the Capital Accounts of the partner’s John and Mathew when their capitals are fluctuating:
|  | John (₹) | Mathew (₹) |
| Capitals on 1st April, 2022 | 4,00,000 | 3,00,000 |
| Drawings during the year ended 31st March, 2023 | 50,000 | 30,000 |
| Interest on capitals | 5% | 5% |
| Interest on Drawings | 1,250 | 750 |
| Share of profit for the year ended 31st March, 2023 | 60,000 | 50,000 |
| Partner’s Salary | 36,000 | Â |
| Commission | 5,000 | 3,000 |
Anurag Pathak Changed status to publish April 20, 2024
