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profit earned by partnership firm for …

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profit earned by partnership firm for year ended 31 march 2017 were distributed equally between the partners pankaj and anu without allowing interest on capital interest due on capital was pankaj-3000 and anu-1000

    • Posted by Sehaj Sodhi Sehajsodhi 8 years, 2 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Md Kashif 8 years, 2 months ago

    Debit both account by 4000 and then divide it equally and then adjustment entry will be given

    0Thank You

    Ajay Dubey 8 years, 2 months ago

    Very simple, they are two partners and share profit equally Pankaj _ 3000×1/2=1500 Anu- 1000×1/2=500 It is answer

    0Thank You

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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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