Rs.3,673; Crednors Rs.2,147; Bills Payable Rs. 595. The partners had drawn Rs.450 12. X and Y are equal partners in a business in which the books are kent be single entry. The position of affairs on...

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Extracted text: Rs.3,673; Crednors Rs.2,147; Bills Payable Rs. 595. The partners had drawn Rs.450 12. X and Y are equal partners in a business in which the books are kent be single entry. The position of affairs on 1st January was as under : Rs. agreed to depreciate plant at the rate of 10% and furniture at 5%. Draw up the final each and were further entitled to interest on their capital at 5% per annum. It was Liabilities Assets Rs. 646 Cash in Hand 2,029 Cash at Bank Bills Receivable 27 Bills Payable Sundry Creditors Capital Accounts: 220 407 7,340 Sundry Debtors 7,340 Stock Plant 4,868 3,285 8,018 530 Y Furniture 17,355 17,355 The following was the state of affairs on 31st December: Cash in Hang, Rs.40; Cash at Bank Rs.584; Debtors Rs.5,629; Bills Receivable Rs.684; S Rs.3,673; Crediors Rs.2,147; Bills Payable Rs. 595. The partners had drawn Rs. each and were further entitled to interest on their capital at 5% per annum. agreed to depreciate plant at the rate of 10% and furniture at 5%. Draw up uie accounts.