A, B and C are partners sharing profits and losses in the ratio of 1 : 2 : 3. They have omitted interest on capital @ 8% p.a. for two years ended 31st March
A, B and C are partners sharing profits and losses in the ratio of 1 : 2 : 3. They have omitted interest on capital @ 8% p.a. for two years ended 31st March, 2023. Their fixed capitals were ₹ 4,00,000, ₹ 6,00,000 and ₹ 8,00,000 respectively. Pass the necessary adjusting entry.
Ans.
C’s Current A/c Dr. 16,000
To A’s Currant A/c 16,000
Anurag Pathak Answered question May 28, 2024
Solution:-
C’s Current A/c Dr. 16,000
To A’s Current A/c 16,000
Anurag Pathak Changed status to publish June 13, 2024
