Question

A,B and C are partner sharing in 3:2:1 they distributed the profit 300000 equally without providing for the following#salary to A 40000 and B 30000#commission to C 30000 give nessesary adjusting journal entry

Answer 1

Answer:

B's Capital a/c. Dr ₹3,333

C's Capital a/c. Dr ₹36,667

To A's Capital a/c. ₹40,000

(Being adjustment entry passed through partners capital a/c)

Explanation:

Please check the attachment for the working.

I hope that it will help :)