Question

Debit 9
Dr
Q10. Ram and Sudha were partners in a firm sharing profit equally, their fixed capital was to be like and
100000 respectively. The partnership deed provides for interest on capital at 10% per annum. for the
year
ended 31st March 2019. The profits of the form were distributed without providing interest on capital, the
journal entry to rectify the error would be:
gournal
Particulars
LE
Credit
Sudhas current Ac
5,000
To Radha's current Alc
5.000
(Being adjustment of interest on Capital)
Raonas current Ac
Dr.
5.000
To Sudha's current Alc
5.000
(Being Odjustment of interest on Capital)
Interest or Copitel Alc
30,000
To Sudha's current Aid
20,000
To Radha's current Alc
10.000
Being adjustment of interest on Capital
Profit and Loss Appropriation Als
30.000
To Suchas current Alc
To Radha's current Alc
Dr
15.000​

Answer 1

Answer:

I have one answer but I not explain

Answer 2

Answer:

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