Question

P, Q and R were partners in a firm sharing profits in the ratio of 5: 4:3. After division of the

profits for the year ending on 31st March 2007, their capitals were: P-₹ 5,00,000, Q -₹ 4,00,000

And R-₹ 3,00,000. During the year they withdrew ₹ 30,000 each. The profit of the year was ₹

1,20,000. The partnership deed provided that interest on capital will be allowed at @10% per

annum.While preparing the final accounts interest on partner capital was not allowed. You are

required to calculate the capital of P, Q and R as on 1st April 2006 and pass the necessary

adjustment entry for providing interest on capital. Show your working clearly​

Answer 1

Explanation:

Photosynthesis is the process by which plants use sunlight, water, and carbon dioxide to create oxygen and energy in the form of sugar.

Answer 2

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