Plzzz ans fastt...
Solution:
Calculation:
Reserve:
Radha 60000* 3/5 = 36000
Mohan 60000*2/5= 24000
Profit and Loss A/c
Radha 90000*3/5= 54000
Mohan 90000*2/5= 36000
| Date | LF | Debit | Credit | |
| 1/4/2022 | Reserve a/c Dr To Radha's capital a/c To Mohan's capital a/c ( transfer of reserves to capital a/c) | 60000 | 36000 24000 | |
| 1/4/2022 | Profit and loss a/c Dr To Radha's capital a/c To Mohan's capital a/c (transfer of profit to capital a/c ) | 90000 | 54000 36000 |
Reserve:
Radha 60000* 3/5 = 36000
Mohan 60000*2/5= 24000
Profit and Loss A/c
Radha 90000*3/5= 54000
Mohan 90000*2/5= 36000