Question

7. Anu and Tanu are equal partners with fixed capitals of Rs 200000 and
100000 respectively. After closing the accounts for the year ending 31st
March, 2019 it was discovered that interest on capitals @8% p.a. was
omitted to be provided. In the adjustment entry:
a) Anu will be credited by 16000 and Tanu will be credited by 8000.
b) Anu will be debited by 16000 and Tanu will be debited by 8000.
O c) Anu will be credited by 4000 and Tanu will be debited by 4000.
O d) Anu will be debited by 4000 and Tanu will be credited by 4000​

Answer 1

Answer:

1000 2000 3000 4000 5000