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1. SONIYA,DANIYA,and,STELA ARE PARTNER IN RATIO …

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1. SONIYA,DANIYA,and,STELA ARE PARTNER IN RATIO OF3:1:1.Their fixed capital were 2,00,000rup.,1,60,000 and 1,20,000 respectovely. The partnership deed provides the following which were not recorded in the books: 1.Interest on capital @5%p.a. 2.salary to soniya and stela rup.1500p.m. and rup.1000p.m. 3.transper of profit to general reserve rup.10000. Net profit for the year ended 31march,2018 was rup.1,00,000 Pass necessary rectifying entry.

Posted by Muskan K 6 years, 11 months ago

CBSE > Class 12 > Accountancy

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