Question

A, B and C are equal partners. Their Fixed Capitals are Rs.4,00,000; Rs. 5,00,000 and Rs.6,00,000.

The Partnership deed provides for interest on Capitals @ 10 % per annum. But the profit for the

year Rs.1,50,000 was distributed amongst the partners without providing for the interest on

Capital.

Pass the single adjustment entry for the above omission of transaction.​

Answer 1

Answer:

Explanation:

⁸

Answer 2

Answer:

Hi mate

Ur ans is in pic

its not my writing

THANKS !!!