Question

45ooo
P. O, and R are Partners in a firm.
Their capital accounts stood at 90ooo
and usooo respectively
on 31 march 2019. R
was be allowed a remuneration of 9000
P. a 2 Interest at 5% la was to be
Provided on capitals. 3 Profits were to
be divided in the gatio of 2: 2:1
Ignoring the above items net Profit of
54000 for the year ended 30.03.21. It was
divided among the three partners
equally, Make journal entry for rectification
and Show working​

Answer 1

Explanation:

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