Write up the capital and current accounts of the partners, Kannagi and vasugi from the following details.

From the following information, prepare capital accounts of partners Manoj and Seran, when their capitals are fluctuating

Mala,Kala and Ratna share profits and losses in the ratio of 3: 2:1. The capital on 1^st April 2017 was Rs.90,000 for Mala, 75,000 for Kala and Rs.60,000 for Ratna and their current accounts show a credit balance of Rs.15,000,10,000 and Rs.5000 respectively. Calculate interest on capital at 5% p.a for the year ending 31^st march 2018 and show the journal entries.

From the following balance sheets of Subha and Sudha who share profits and losses equally. Calculate interest on capital at 6% p.a for the year ending 31^st December 2017.

Drawing of Shubha and Sudha during the year were Rs.5,000 and Rs.7,000 respectively profit earned during the year was Rs.30,000.

Anusha and Barathi contribute Rs.2,00,000 and Rs.1,00,000 respectively as capital. Their respective share of profit is 3:2 and the profit before interest on capital for the year is Rs.27,000. Compute the amount of interest on capital in each of the following situations:
(i) If the partnership deed is silent as to the interest on capital
(ii) If interest on capital @ 3% is allowed as per the partnership deed
(iii) If the partnership deed allows interest on capital @ 5% p.a.

Arul is a partner in a partnership firm. As per the partnership deed, interest on drawing is charged at 6%p.a. During the year ended on 31^st December 2018 he drew as follows.

Calculate the amount of interest on drawings under any 2 methods

Kala is a partner in a partnership firm. As per partnership deed, interest on drawings is charged at 12% p.a. During the year ended 31^stDecember 2018. She drew as follows.

Calculate the amount of interest on drawings by using produce method

Durga and Preethi entered into a partnership agreement on 1st April 2018, Durga contributing Rs.50,000 and Preethi Rs.60,000 as capital. The agreement provided that:
(a) Profits and losses to be shared in the ratio 3:2 as between Durga and Preethi.
(b) Partners to be entitled to interest on capital @ 5% p.a.
(c) Interest on drawings to be charged Durga Rs.600 Velan Rs.900
(d) Durga to receive a salary Rs.10,000 for the year and
(e) Preethi to receive a commission of Rs.4,000 During the year, the firm made a profit of Rs.40,000 before adjustment of interest, salary and commission prepare the profit and loss appropriation account.

From the following balance sheets of Subha and Sudha who share profits and losses equally. Calculate interest on capital at 6% p.a for the year ending 31^st December 2017.

Drawing of Shubha and Sudha during the year were Rs.5,000 and Rs.7,000 respectively profit earned during the year was Rs.30,000.

Distribgtion of profits Anila, Ramita were partners. Sharing profit and.losses ratio of 7:3 their capital weret Rs.80,000 and Rs.60,000 respectively. .
(i) Interest on captital @ 10% p.a.
(ii) Interest on drawing @ 12% P.a
(iii) Both to get a salary of Rs. 10,000 each per annum
(iv) An it at 1 get a comrnissiun of 10% on the net profiile before charging such commission.
The profit for the year t Ott,OO0. Drawings were Arritha Rs. 12,000. Ranrita
Rs.8,000. Show Profit and Loss Appropriation Account and the Capital A/c.

Show how the following item will appear in the capital account of Mr C and S assuming that their capitals are fluctuating.

prepare Capital Account of Babu and Gopu. Capitals are fluctuatilg.

A and R were partners sharing ratio of 7 : 3. Their Capitals wefe Rs. 80,000 and Rs. 60,000 respectively.
(i) Interest on Capital at 10% p.a.
(ii) Interest on Drawings at 12% p.a.
(iii) A and R get a salary of  Rs. 10,000 each p.a.
(iv) A to get a commission of 10% on net profit before charging such commission profit - before making above adjustment was ( 10,000. Drawing of partner A (Rs. 12,000 and Rs. 8,000)
Show that Profit and Loss Appropriation Account.

A and R were partners sharing ratio of 7 : 3. Their Capitals wefe Rs.80,000 and Rs. 60,000 respectively.
(i) Interest on Capital at 10% p.a.
(ii) Interest on Drawings at 12% p.a.
(iii) A and R get a salary of Rs. 10,000 each p.a.
(iv) A to get a commission of 10% on net profit before charging such commission profit - before making above adjustment was Rs. 10,000. Drawing of partner A Rs. 12,000 and R Rs. 8,000.
Show that Profit and Loss Appropriation Account

Dinesh and Sugumar entered into partnership agreement on 1^st January 2018, Dinesh contributing ( 5,00,000 and Strgumar Rs.4,00,000 as capital.  
The agreement Provided that:
i) Profit and losses to be shared in the ratio 2 : 1 as between Dinesh and Sugumer.
ii) Partners to be entitled to interest on,iaptial @ 6% p.a.
iii) Interest on drawings to be charged:
Dinesh: Rs.3,000 and Sugumar : Rs. 2,300
iv) Dinesh to receive a salary of Rs. 62.000 for the year, and
v) Sugumar is to reccive a commission of 10% on the net profit after charging salary commission.
During the year ended on 31^st Decembcr 2018, the firm made a profit of to 1,20,000 before adjustment of interest, salary and commission Prepare the profit and loss appropriatiotr account

N and S were parents ratio 2:1 Their capitals were 3,20,000 and Rs. 1,60,000 respectively.Their deed provided.
(i) Interest on capital @ 8%.
(ii) Interest on Drawings @6%.
(iii) S to get salary of Rs. 2,000 p.m 
(iv) S to get a commision of 10%.on the net profit and changing such commision.The profit of the firm year ended.31.03.2015 before making the above adjustment was Rs. 1,50,000.Drawings of the parents during the year
(vi) Rs. 30,000 and Mr.S Rs. 20,000. Show the profit and loss Approprition A/c partners capitals and fluctuating.