Anju, Manju and Mamta are partners whose fixed capitals were Rs. 10,000,
Rs. 8,000 and Rs. 6,000, respectively. As per the partnership agreement, there
sa provision for allowing interest on capitals @ 5% p.a. but entries for the
ame have not been made for the last three years. The profit sharing ratio
luring there years remained as follows:
Year
Anju Manju Mamta
2014
4
3
5
2015
3
2
1
2016
1
1
1
Iake necessary and adjustment entry at the beginning of the fourth year i.e.
an. 2015.​
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