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Alya and Azra commenced business as partners on 1st October, 2019, contributing RO. 10,000 and RO. 15,000 as capital respectively. They decided to share their

Alya and Azra commenced business as partners on 1st October, 2019, contributing RO. 10,000 and RO. 15,000 as capital respectively. They decided to share their profits in the ratio of 2:3. Interest on capital was fixed at @ 6% p.a. The profits earned during the year 2019 was RO 6,000. What will be the balance of capital account for the year 2019, if they followed Fixed Capital Method of accounting

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