Question

Ac
33.000)
Q.30.X Y and Z are partners in a firm sharing profits and losses in the
For the year ended 31st March, 2018 interest on capital was credited to them a 8%
ratio 5:3:2. Their capitals (fixed) are $2,00,000; 1,50,000; 1,25,000 respectively.
instead of 10%
Give adjusting journal entry.​

Answer 1

Answer:

33.000)

Q.30.X Y and Z are partners in a firm sharing profits and losses in the

For the year ended 31st March, 2018 interest on capital was credited to them a 8%

ratio 5:3:2. Their capitals (fixed) are $2,00,000; 1,50,000; 1,25,000 respectively.

instead of 10%

Give adjusting journal entry.