Fixed capital method Illustration 1 Write up the capital and current accounts of partners A and B from the following: Capital on 1.1.08 Particulars Current Accounts on 1.1.08(Cr.) Drawings during 2008 Interest on drawings Share of Profit for 2008 Interest on Capital Salary A B 4,00,000 3,50,000 2,000 1,000 80,000 70,000 2,000 1,000 42,000 33,000 6% 36,000 6% Nill