Question

Sony and Romy are equal partners with fixed capitals of Rs 400000 and 300000 respectively. After closing the accounts for the year ended 31st March 2019, it was discovered that interest on capitals was provided Q 8% instead of 10% p.a In the adjusting entry :

a. Sony will be credited by Rs 8000 and Romy will be credited by Rs 6000
b. Sony will be debited by rs 8000 and Romy will be debited by Rs 6000
c. Sony will be debited by Rs 1000 and Romy will be credited by Rs 1000
d. Sony will be credited by Rs 1000 and Romy will be debited by Rs 1000​

Answer 1

Answer:

b. Sony will be debited by RS 8000. and Romy

be debited by Rs 6000

Explanation:

please Mark as brilliant answer

Answer 2

Answer:

answer is option (D)

Explanation:

COZ, both can't be debited or credited at the same time and there is trick

first partner is always credited. You will know if did lot of questions like that before.