Ram and Rahim are partners in a firm Sharing
profit in the ratio of 3:2. The partnership
deed provided for the following!
30,000 per annum salary to Ram and
1000 per month salary to Rahim
The profit was divided without providing for the
above
Pass necessary Adjustment Entry
Answers
Answered by
2
in the ratio of 2:2:1. Their capital balances on 01.04.2017 stood at rs 90000, rs 60000 and rs 40000
Hope this helps ❤️❤️❤️❤️❤️❤️❤️❤️❤️ ❤️❤️❤️
Answered by
4
Answer:
Explanation:
Journals
(a)
Cash A/c 10000
To Rahul capital 10000
Goodwill A/c 30000
To Rams capital 18000
To Rahims capital 12000
(b)
Cash a/c 10000
To Rahul capital 10000
Goodwill A/c 15000
To Rams capital 9000
To Rahims capital 6000
(c)
Cash a/c 10000
To Rahul capital 10000
Rams capital 3600
Rahims capital 2400
To Goodwill A/c 6000
Similar questions