Find the closing balance of 1
machinery on 31st March 2020.
a Rs 9,66,680
b rs9,34,100
c Rs. 9,26,200
d rs 9,58,680
Answers
Answer:
Calculation of capital at the beginning
P Q R
Capital at the end 40000 30000 20000
Add;- drawings 10000 7500 4500
Less;profits (30000) (20000) (10000)
Capital at the beginning 20000 17500 14500
Interest on capital @ 5% 1000 875 725
The following adjustment entry needs to be passed:-
P's capital A/c Dr 1300
Q's capital A/c Dr. 867
R's capital A/c Dr 433
To Profit and loss Appropriation A/c 2600
(Profits to be reversed)
Table showing Adjustments to be made
Partners Profits to be written back Profits to be distributed
(60000-2600) Adjustements
P -30000 28700 -1300
Q -20000 19133 -867
R -10000 9567 -433
Explanation:
Please mark as branliest
Answer:
c.926200 and tthis amount is balance