Question

X, Y and Z are partners their capital as on 31 December 2011 were x ₹81600, y ₹143200 and z ₹204800. Profits for the year 2011 amounting to ₹ 6000 were distributed. Interest on capital was credited @12 instead of 10%p.a pass adjustment entry

Answer 1

Here is your answer hope it helps.


keep enjoying.