0

Anil, Sunil, and Ramesh are partners. Their fixed capitals as on 31st March 2023 were: Anil ₹ 50,000, Sunil ₹ 1,00,000, and Ramesh ₹ 1,50,000. Profit for the year 2022-23 of ₹ 60,000 was credited.

Interest on capital was credited @ 10% p.a. instead of 12% p.a.

Pass the necessary adjusting Journal entry.

Anurag Pathak Changed status to publish April 20, 2024
Add a Comment