Accountancy, asked by sarojnagar58, 8 months ago

Amit and sumit are partners profit sharing in the ratio 2:3 their fined capital were rs.50000 and rs.12000 interest on capital @10% was omitted during 2020 pass the necessary adjustment entry

Answers

Answered by ArpitMishra506

1

Answer:

adjustment entry

Sumit's capital a/c dr. 2520

to Amit's capital a/c 2520

( Being adjustment entry made in respect of interest of capital)

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