Question

 Krishna, Sandeep and Karim are partners sharing profits in the ratio of 3:2:1. Their fixed capitals are: Krishan Rs. 1,20,000, Sandeep 90,000 and Karim 60,000.For the year 2006-07, interest was credited to them @ 6% p.a. instead of 5% p.a. Record adjustment entry.​

Answer 1

Answer:

karim A/c.........................................Dr 150

To krishna A/c. 150