Question

0.51. A, B and Care partners sharing profits in the ratio of 2:2:1. Their fixed
capitals were €4,00,000, 22,50,000 and 21,00,000 respectively. Net profit for the year
ending 31st March, 2017 amounted to 2,20,000 which was distributed without
providing for the following:
(1) Salary to B *5,000 p.m. and to C +10,000 per quarter.
(in) Interest on capital (@6% p.a.
(in) Commission to Manager @10% after charging such commission
Pass necessary rectifying entry,​

Answer 1

Answer:

Sorry I didn't know that answer but I hope you are doing well too because the question are to long