Question

PM
Marks :
Q10: Anu and Tanu are equal partners with fixed capitals of
2,00,000 and 1,00,000 respectively. After closing the accounts for
the year ending 31st - March, 2019 it was discovered that interest on
capitals @ 8% p.a. was omitted to be provided. In the adjusting entry
:
​

Answer 1

Journal entry:-

Tanu's capital A/c _________Dr. 4000 --

To Anu's capital A/c -- 4000

{Being adjustment of interest on capital made}