A & B were partners sharing profits and losses in the ratio of 2:3. on 1 st January 2010,
their capitals were Rs. 3,00,000 & Rs. 2,60,000. Profit during the year 2010 was Rs.
1,50,000. Later on, it discovered that following items were ignored:
(a) Outstanding Rent of the office premises was Rs. 5,500.
(b) Commission due but not received was Rs. 7,000.
pass necessary adjustment entry.
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Answer:
the correct one is be commissioned you but not received was rupees 7000
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