Instant answer within 5 minutes please don't waste my turn 31. Prepare the Capital Accounts of partners A and B for the year ending on 31st March, 2014 from the following details, assuming that their capitals are fluctuating : A B Capital on 1st April, 2013 $1,20,000 31,00,000 Drawings *1,500 per month 1,000 per month (drawn on the first day of (drawn on the last day of each month) each month) Interest on Capital @ 8% ? ? Interest on Drawings @ 8% ? ? Profit share of 2013-14 525,000 325,000 Partner's Salary 14,400 Commission 4,000 Interest on Loan 5,000