Question

1. A, B and C are partners sharing profits in the ratio of 2:1: 2. Their fixed capital
were 4,00,000, 32,50,000 and 31,00,000 respectively. Net profit for the year ending
31st March 2017 amounted to 32,20,000 which was distributed without providing
for the following:
a. Salary to B *5,000 p.m. and to C 10,000 per quarter,
b. Interest on capital @ 6% p.a.
c. Commission to Manager @ 10% after charging such commission.
Pass necessary rectifying entry.
PM Nonantnors in a firm sharing profit and losses equally On 31 st​

Answer 1

sorry I didn't understand the question