1.

With the following details write up the capital account of Mr. X.1. Opening balance Rs. 87,0002. Drawings Rs. 6,0003. Net Profit Rs. 9,0004. Interest on capital Rs. 87005. Interest on drawings Rs. 300

Answer»

Capital A/c of Mr.X

ParticularsAmountParticularsAmount
Drawings6000Balance c/d87000
Interest on drawings300Net profit9000
Balance c/d98400Interest of capital8,700



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