Rajeev Sanjeev were partners in a firm their partnership deed provided that the profit shall be divided as follow first 20000 to rajeev
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Rajiv and Sanjeev were partners in a firm. Their Partnership Deed provided that the profits shall be divided as follows: <br> Firsh Rs 20,00 to Rajeev and the balance in the of
The profits for the year ended 31st March, 2017 were Rs 60,000 which had been distributed among the partners. On 1st April, 2016 their capitals were Rajeev Rs 90,000 and Sanjeev Rs 80,000. Interest on capital was to be provided @
p.a. While preparing the profit and loss appropriatin interest on capital was omitted. <br> Pass necessary fectifying entry for the same. Show your workings clearly.
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