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प्रश्न
Prakash and Supria were partners who share profits and losses in the ratio of 5 : 3. Balance in their capital account on 1st April, 2018 was Prakash ₹ 3,00,000 and Supria ₹ 2,00,000. On 1st July, 2018 Prakash introduced additional capital of ₹ 60,000. Supria introduced additional capital of ₹ 30,000 during the year. Calculate interest on capital at 6% p.a. for the year ending 31st March, 2019 and show the journal entries.
उत्तर
| Prakash | Supria | |||
| `3,00,000 xx 6/100` | 18,000 | `2,00,000 xx 6/100` | 12,000 | |
| Additional capital: (on 1st July) | Supria's total Interest: | |||
| `60,000 xx 6/100 xx 9/12` | 2700 | `30,000 xx6/100 xx 6/12` | 900 | |
| Total Prakash's Interest: | 20,700 | Supria's total Interest: | 12,900 | |
| Journal Entries | |||
| Particulars | L.F. | Debit | Credit |
| Interest on capital A/c ..........Dr. To Prakash's Capital To Supria's Capital (Interest on capital entered) |
33,600 - - |
- 20,700 12,900 |
|
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संबंधित प्रश्न
In the absence of an agreement among the partners, interest on capital is ___________.
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Balance sheet as on 31st December, 2018
| Liabilities | ₹ | ₹ | Assets | ₹ |
| Capital accounts: | Sundry assets | 2,20,000 | ||
| Rajan | 1,00,000 | |||
| Devan | 80,000 | 1,80,000 | ||
| Profit and loss appropriation A/c | 40,000 | |||
| 2,20,000 | 2,20,000 |
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