Question

Krishna, Arjun and Bhim are partners in a firm. The balance of their capital
account are *5,000; 10,000 and 15,000 respectively. At the time of preparation
of final account it was found that 5% interest on partners capital was to be
allowed and Krishna was entitled to get 4,500 as salary. But without making
provision for interest and salary, profit & loss was divided among the partners,
Make adjustment entries to rectify above errors when the profit of the firm was
6,000.
F1​

Answer 1

Answer:

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Explanation:

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Answer 2

Krishna Arjun and Bima partners and our farm the balance of their capital amount is 5000 ten hundred thousand and 15000 respectively at the time of preparation of final account is was found at 5% interest on partners capital was to be allowed and Krishna was established to get 4500 as celery but without making provision for interest and salary profit and loss were divided among the partners make a judgement and trees to react cli above errors when the profit of farm was 60000