Rajiv and Sanju were partners in a firm. Their partnership deed provided that the
profits shall be divided as follows.
First Rs 20,000 to Rajiv and the balance in the ratio of 4: 1. The profit for the year
ended 31" March 2019 were Rs 60,000 which had been distributed among the
partners. On 1-4-2018, their capital were Rajiv Rs 90 000 and Sanju Rs 80,000,
Interest on capital was to be provided @ 6% p.a., while preparing the P/L.
appropriation, interest on capital was omitted. Pass necessary rectifying entry.
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Answer:lol
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Explanation:
2987-4-2423=43325235
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