Ram, Mohan and Sohan sharing profits and losses equally have capitals ₹ 1,20,000; ₹ 90,000 and ₹ 60,000
Ram, Mohan and Sohan sharing profits and losses equally have capitals ₹ 1,20,000; ₹ 90,000 and ₹ 60,000. For the year ended 31st March, 2023, interest on capital was credited to them @ 6% instead of 5%.
Give adjustement Journal entry.
Anurag Pathak Changed status to publish March 31, 2024
