Question

P, Q and R are partners sharing profits in the ratio 3:2 : 1. Interest on capital of P. Q and R 1,800, 2,100 and 1,500 respectively is omitted to be provided. The adjustment entry will be

Answer 1

Explanation:

P's capital a/c Dr. 900

To Q's capital a/c 300

To R's capital a/c 600