For Blossom Co., beginning capital balances on January 1, 2020, are Deepika Kapoor INR18,700 and Kareena...
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For Blossom Co., beginning capital balances on January 1, 2020, are Deepika Kapoor INR18,700 and Kareena Dutt INR16,200 (amounts in thousands). During the year, drawings were Kapoor INR8,500 and Dutt INR5,100. Net income was INR29,400, and the partners share income equally. (a) Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) BLOSSOM CO. Partners' Capital Statement INR D. Kapoor INR K. Dutt INR INR INR INR Total For Blossom Co., beginning capital balances on January 1, 2020, are Deepika Kapoor INR18,700 and Kareena Dutt INR16,200 (amounts in thousands). During the year, drawings were Kapoor INR8,500 and Dutt INR5,100. Net income was INR29,400, and the partners share income equally. (a) Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) BLOSSOM CO. Partners' Capital Statement INR D. Kapoor INR K. Dutt INR INR INR INR Total
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