Calculate interest on Capital and on Current Accounts @ 5% p.a. from the following Balance Sheet as at 31st March 2023 of Anu and Bobby:
Calculate interest on Capital and on Current Accounts @ 5% p.a. from the following Balance Sheet as at 31st March 2023 of Anu and Bobby:
Balance Sheet as at 31st March, 2023
| Liabilities | ₹ | Assets | ₹ |
|
Sundry Creditors Expenses Payable Capital A/cs: Anu Bobby Current A/c Anu |
40,000 10,000 2,00,000 2,50,000 40,000 |
Cash in Hand Cash at Bank Current A/c: Bobby Fixed Assets |
10,000 90,000 50,000 3,90,000 |
| Â | 5,40,000 | Â | 5,40,000 |
 Drawings during the year were ₹ 36000 each and the net profit share of each partner was ₹ 30,000
Anurag Pathak Changed status to publish April 19, 2024
