Question

B and C are partners in a firm sharing profits and losses in the ratio of 4:3:3. Their fixed capitals were

Rs1,00,000 , Rs2,00,000 and Rs3,00,000 respectively. For the year ended 31st March,2018 interest on capital

was credited to them @10%instead of 9%p.a. Pass the necessary adjusting journal entry.​

Answer 1

Answer:

and C are partners in a firm sharing profits and losses in the ratio of 4:3:3. Their fixed capitals were

Rs1,00,000 , Rs2,00,000 and Rs3,00,000 respectively. For the year ended 31st March,2018 interest on capital

was credited to them @10%instead of 9%p.a. Pass the necessary adjusting journal entry.

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