In the Books of ____

Dr. Profit and Loss Adjustment Account for the year ended 31st March, 2020 Cr.
Particulars Amt. (₹) Amt. (₹) Particulars
By Appreciation
By R.D.D.
By Drawing

0
March, 2020 Cr.
Amt. (₹) Amt. (₹)
5,000
1,000

6,000
 In the Books of Akash and Gagan
Dr. Partner's Current Account
Particulars Anand Anurag Atul Particulars
By Balance b/d
To Profit and Loss A/c By General Reserve A/c
To Drawings A/c 9,000 By Goodwill A/c
To Interest on Drawings A/c 405

By Interest on Capital A/c

0 0 9,405
 Cr.
Anand Anurag Atul
30,000 25,000 22,000
6,000 1,000 1,000
112,500 18,750 18,750

148,500 44,750 41,750

 In the Books of
Balance Sheet as on 31st March, 2020
Liabilities Amt. (₹) Amt. (₹) Assets Amt. (₹)
Capital Accounts Plants and Machinery 30,000
- Anand 39,000 Add: Appreciation 5,000
- Anurag 26,500 Sundry Debtors 25,000
- Atul 36,235 101,735 Less: New RDD (1,000)
Sundry Creditors 15,000 Stock in Hand
Cash at Bank

Suspense A/c

116,735
Amt. (₹)

35,000

24,000
20,000

16,000
2,985
18,750

116,735
 In the Books of Akash and Gagan
H077 Journal Proper
Sr. No. Particulars L.F. Debit (₹) Credit (₹)
Dr.

Dr.

Dr.

Dr.

Dr.

Profit and Loss Suspense Acc Dr. 405

To Interest on Drawings A/c 405

Dr.

Dr.

Total 405 405