kamal and kapil are patner having fixed capital of Rs. 500000 each on 31st march 2017 . kamal introduced futher capital of Rs 100000 on 1st october 2017 whereas kapil withdrew Rs 100000 on 1st october 2017 out of capital . the farm earned net profit of 600000 for the year ended 31st march 2018. pass the journal entry for interest on capial and prepare profit and loss apropriation account.   

Asked by Nitish | 8th Apr, 2018, 10:21: AM

Expert Answer:

The above question seems to be not relevant to the course subscribed. This forms part of Grade XII curriculum. Also, we already have many similar questions answered at our website, you may browse them using the link provided below. In case of any doubt, you may get back to us.

Answered by  | 9th Apr, 2018, 09:30: AM

Queries asked on Sunday & after 7pm from Monday to Saturday will be answered after 12pm the next working day.