Dr Profit & Loss Adj A/c Cr | Particulars | Amount | Particulars | Amount | To Plant & Machinery A/c | 5,000 | By R.D.D A/c | 5,000 | To Partner Capital A/c (Profit) | | By Investment A/c | 60,000 | Rahul 33,000 | | By Creditors A/c | 6,000 | Rohit 22,000 | | | | Ramesh 11,000 | 66,000 | | | | | 71,000 | | 71,000 |
In the books of the partnership Firm | Dr Ramesh Capital A/c Cr | Particulars | Amount | Particulars | Amount | To Drawings A/c | 30,000 | By Balance b/d | 2,40,000 | To Interest on Drawings A/c | 2,000 | By Goodwill A/c | 60,000 | To Executors Loan A/c | 3,41,000 | By Salary A/c | 30,000 | | | | By Interest on Capital A/c | 6,000 | | | | By Profit & Loss Adj A/c (Profit) | 11,000 | | | | By Profit & Loss Suspense A/c | 10,000 | | | | By General Reserve A/c | 16,000 | | | 3,73,000 | | 3,73,000 |
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