Question

Q. 82. Sony and Romy are equal partners with fixed capitals of 34,00,000 and
3,00,000 respectively. After closing the accounts for the year ending 31st
March, 2020 it was discovered that interest on capitals was provided @ 8%
instead of 10% p.a. In the adjusting entry -
(A) Sony will be credited by 38,000 and Romy will be credited by 6.000
(B) Sony will be debited by 78,000 and Romy will be debited by 36,000.
(C) Sony will be debited by 1,000 and Romy will be credited by 1,000.
D Sony will be credited by 31,000 and Romy will be debited by 31,000.
Q.183.
Asha and Vipasha are equal partners with​

Answer 1

Answer:

2% will be provided

sony = 68,000

romy = 6000

sony romy firm

68,000 6000 74000

(37000) (37000) 74000

31000 (31000) nil

romy's capital... dr. 31000

to sony's capital.... 31000

D.