Question

X,y and z are partners in a firm sharing profits and losses in the ratio of 2:3:5.Their fixed capitals were 150000,300000,and 600000 respectively,after the final accounts have been prepared it was discovered that interest on capital was credited to them @ 12% instead of 10% pass the necessary adjustment entry

Answer 1

Answer:

xyz are partners .

Explanation:

As it Their shares in companies are this 2,3,5

so , It their fixed deposit shares in Z percent make 50 % of shares in Company