Question

(Ans. Profit sharing ratio of X, Y and Z= 3:3:4.]
Adjustments in the Closed Account
Q. 41 (A). After the accounts of the partnership have been dr
sed off, it is discovered that interest on capitals @ 8% p.
tnership agreement has been omitted to be recorded. Their
ginning of the year stood as follows: A 38,00,000; B 34,00,00
fit sharing ratio was 2 : 1 : 1. Instead of altering the Balance
s necessary adjusting entry at the beginning of the next year
You are required to give the necessary journal entry.
[Ans.
C's Capital Alc
Dr.
6,000
To A's Capital A/C
To B's Capital A/C​

Answer 1

Answer:

s. Profit sharing ratio of X, Y and Z= 3:3:4.]

Adjustments in the Closed Account

Q. 41 (A). After the accounts of the partnership have been dr

sed off, it is discovered that interest on capitals @ 8% p.

tnership agreement has been omitted to be recorded. Their

ginning of the year stood as follows: A 38,00,000; B 34,00,00

fit sharing ratio was 2 : 1 : 1. Instead of altering the Balance

s necessary adjusting entry at the beginning of the next year

You are required to give the necessary journal entry.

[Ans.

C's Capital Alc

Dr.

6,000

To A's Capital A/C

To B's Capital A/C

Answer 2

Answer:

That is your answer...........