Question

A, B and Care partners in a firm. They have omitted interest on capital @ 10%p.a.
for three years ended 31st March, 2019. Their fixed capitals on which interest was to
be calculated throughout were:
A:1,00,000
B:80,000
C:70,000
Give the necessary adjusting journal entry with working notes
​

Answer 1

Answer:

a:833 b:666 c:583

Explanation:

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