Accountancy, asked by Ashau6344, 10 months ago

Asha, Meenal and Reshmi were partners commencing a business in a remote area of
West Bengal. Their aim was to develop the tribal communities by providing them with
adequate health and education facilities.
On 31st March, 2018 after making the due adjustments for profits and drawings, their
capitals were Asha: Rs. 8,00,000, Meenal: Rs. 6,00,000 and Reshmi: Rs. 4,00,000. The
drawings of the partners were Rs. 8,000 per month, Rs. 6,000 per month and Rs. 4,000
per month respectively. The profit of the firm for the year ended 31st March, 2018 was
Rs. 12,00,000. Subsequently, it was found that interest on capital @6% p.a. due had
been omitted.
Showing clearly all the necessary working notes, pass the adjustment entry. Also, identify
any two values highlighted in the above question.

Answers

Answered by ks8527382407

Answer:

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Explanation:

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Answered by guptapragati492

Answer:

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