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Samer and Hamad are partners with capitals of AED. 15,00,000 and AED. 10,00,000 respectively. They agree to share profits in the ratio of 3:2. Show

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Samer and Hamad are partners with capitals of AED. 15,00,000 and AED. 10,00,000 respectively. They agree to share profits in the ratio of 3:2. Show how the following transactions will be recorded in the capital accounts of the partners in case the capitals are fixed. The books are closed on March 31, every year. Particulars Samer Hamad 200,000 Additional capital contributed 300,000 (Oct,2019) Interest on capital 5% per annum Drawings (2019-20) 30,000 5% per annum 20,000 1800 1200 Interest on drawings Salary Commission 20,000 7000 10,000 Share in profit (2019-20) 00.000 10,000

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