Question

Chapter 1 . Accounting for Partnership Firms Fundamentals
pectively
addition
% on the
net profit
he above
73. The Capital Accounts of A and B stood at 4,00,000 and 3,00,000 respectively after necessary
adjustments in respect of the drawings and the net profit for the year ended 31st March, 2017. It was
subsequently discovered that 5% p.a. interest on capital and also drawings were not taken into account
in arriving at the distributable profit. The drawings of the partners had been: A–12,000 drawn at the
end of each quarter and B-18,000 drawn at the end of each half year.
X 4
X 2.
The profit for the year as adjusted amounted to $2,00,000. The partners share profits in the ratio of 3: 2.
You are required to pass Journal entries and show adjusted Capital Accounts of the partners.
[Ans.: Partners' Capital Accounts: A-3,98,790; B-3,01,210; Capitals on 1.4.2015:
(Opening Capital): A-3,28,000; B-2,56,000; Interest on Capital: A-16,400;
B-12,800; Interest on Drawings: A-900; B 450.]
Delhi 2010
c: 780.
000 and ...........,......,.....,....,.


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Answer 1

Answer:

ഏതു ഭാഷ വേണ്ടേ

Explanation:

ഏതു ഭാഷ വേണ്ടത്