Question

Who will give the quick and appropriate wth proper explanation will be markedas brainliest. The question is .....on 1st april 2015 the capitals of A and B were 4 lakh and 2 lakh respectively. They didived profits in the ratio of 2:1. Profits for the year ended 31st march 2016 were 3lakh which have been duly distributed among partners,but the followingtransactions qere not passed through the books:- a) interest on capital @12% p.a. b) inteest on drawings A =12,000 and B= 10,000. c) commission due to B 20,000 on a special transaction. d) A is to be paid a salary of 50,000. You ae required to pass a journal entry on 10th april 2016 which will not affect the P&L a/c of the firm and at the same time will rectify the errors.

Answer 1

Answer:

B's Capital a/c. Dr ₹6,000

To A's Capital a/c. ₹6,000

(Being adjustment entry passed through partners capital a/c)

Explanation:

Kindly refer the attachment for the working.

For any queries please comment.

I hope it will help :)