=+Interest was to be allowed on fixed capitals and allowed or charged on current account balances at

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=+Interest was to be allowed on fixed capitals and allowed or charged on current account balances at the beginning of each year at the rate of 5 per cent per annum.

Particulars regarding the partners' accounts were:

Fixed Current Drawings Capitals as Account balances for the year to at 1st April, 1959 as at 1st April, 1959 31st March 1960

£ £ £

X 10,000 Cr. 1,500 4,000 Y 5,000 Cr. 2,500 3,500 3,000 Dr. 1,200 1,500

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Accounting Principles And Practice

ISBN: 9781483169354

1st Edition

Authors: S. Hall, N. Skene Smith

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Question Posted: Sep 02, 2024 04:01 AM

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=+Interest was to be allowed on fixed capitals and allowed or charged on current account balances at

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Accounting Principles And Practice

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