.6 Aman, Jatin and Sonu are partners in a firm. Their capital accounts on 1st April, 2015, stood at Rs. 1,00,000,
Rs. 80,000 and Rs. 60,000 respectively. Each partner withdrew Rs. 5,000 during the financial year 2015-16. As
per the provisions of their partnership deed:(a) Jatin was entitled to a salary of Rs. 1,000 per month.
(b) Interest on capital was to be allowed @ 10% per annum.
(c) Interest on drawings was to be charged @ 4% per annum.
(d) Profits and losses were to shared in the ratio of their capitals.
The net profit of Rs. 75,000 for the year ended 31st March, 2016, was divided equally amongst the partners
without providing for the terms of the deed. You are required to pass a Single Adjusting Journal Entry to rectify
the error. (Show the working clearly).
(4)
Answers
Answered by
0
Answer:
option 4is correct
Explanation:
please Mark as brainliest and follow me
Similar questions