Accountancy, asked by Anniebose, 2 months ago

From the following information complete journal entries.

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Answered by shivamkumar2011

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Answer:

I don't know what do you mean

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On 31st March, 2020, after the closing of the accounts, Capital Accounts of P, Q and R stood in the books of the firm at 40,000; * 30,000 and * 20,000 respectively. Subsequently, it was noticed that interest on capital @5% had been omitted. Profit for the year ended 31st March, 2020 was 60,000 and the partners' drawings had been P-10,000, Q—*7,500 and R-4,500. Profit-sharing ratio of P, Q and Ris...