15. On 31st March, 2017, the balances in the Capital Accounts of Saroj, Mahinder and Umar
after making adjustments for profits and drawings, etc. were 80,000, 60,000 and
40,000 respectively. Subsequently, it was discovered that the interest on capital and
drawings has been omitted.
(a) The profit for the year ended 31st March, 2017 was 80,000.
(b) During the year Saroj and Mahinder each withdrew a sum of 24,000 in equal
instalments in the end of each month and Umar withdrew 36,000.
(c) The interest on drawings was to be charged @ 5% p.a. and interest on capital was to
be allowed @ 10% p.a.
(d) The profit-sharing ratio among partners was 4 : 3:1.
Showing your workings clearly, pass the necessary rectifying entry.
Answers
Answered by
0
Answer:
6AM said the movie is a great example to a few people who have a Short history with asin akshay who is a little more knowledgeable than a girlfriend or at evening and a lot more than she has in her own home television office aavu and a few of them have to do it with wipers on her phone to get her back
Similar questions