Accountancy, asked by swaroopnaik, 9 months ago

profit earned by partnership firm for the year ended 31st March 2020 distributed equally between partners Pankaj and Anu​

Answers

Answered by kambojraj01
0

Answer:

Profits earned by a partnership firm for the year ended 31st March, 2017 were distributed equal between the partners Pankaj and Anu without allowing interest on capital. Interest due on capital was - Pankaj: 3,000 and Anu: 1,000. Pass necessary adjustment entry.

Explanation:

Hope it helps!!!

Previous Question
Next Question
Similar questions
Social Sciences, 4 months ago
what is the focal point of democracy​...
Math, 4 months ago
length of a rectangle is 3cm less than its breadth if the perimeter of the rectangle is 24cm .find its length and breadth ​...
Math, 4 months ago
3. Calculate the probability of spending more than two days in recovery of a covid19 patient? a. 0.0580 C. 0.0553 b. 0.8447 d. 0.9420​...
English, 9 months ago
6. Alas! We shall hear his voice no more. Begin: Alas! His voice 7. We must listen to his music. Begin: His music ....... B. There is reason to believe that they have saved the cr Begin: It is ...... He will be elected Secretary by the group. . Begin: The group Short dresses are now being worn again.​
Math, 9 months ago
what percent is Rs 4500 of 5000​...
English, 1 year ago
what are the types of sentence​...
English, 1 year ago
the schools are not closed today (assertive)​...
Math, 1 year ago
the ratio of the ages of the husband and the wife five years ago was 11: 9 whereas at the same time the ratio of the ages of the husband and the son was 5: 1. Five years hence the ratio of the ages of the husband and the wife will become 13:11. What is the sum of the present ages of all the three persons of the family? (1) 128 years (2) 127 years (3) 126 years (4) Data inadequate (5) None of...