Student Community

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

Anurag Pathak
April 15, 2023
[ISC] Fundamentals of Partnership, [ISC} TS Grewal Solutions, Accountancy Class 12th

3.07K viewsApril 20, 2024[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

Anurag Pathak28.60K April 15, 2023 0 Comments

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

1 Answer

Anurag Pathak28.60K Posted April 15, 2023 0 Comments

Solution:-

Anurag Pathak Changed status to publish April 20, 2024

Add a Comment

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 8132

Telegram Channel

Telegram Channel

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

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

Related Questions