Question

(Adjustment Entry) Profit earned by a partnership firm for the year ending 31st
December, 2019 were distributed equally between the partners-Parvaiz and Ahmed-without
allowing interest on capital R 3,000 due to Parvaiz and * 1,000 due to Ahmed). Pass
necessary adjustment entry.
& Pomuniz canital Al 1000(Cr.)
1​

Answer 1

Answer:

Profit earned by a partnership firm for the year ended 31st March