A B and C are are ...

A B and C are are partners in a firm sharing profit and losses equally. On 1st April 2018 their fixed capital were 800000 and 600000 respectively.On 1st October 2018 advanced a 100000 to the firm where as C took a loan of 150000 from the firm on the same date it was agreed among the partners that she will pay interest @ 10% per annum. profit for the year ended 31st March 2019 amounted to 420000 before allowing or charging interest on loan pass journal entries for interest on loan and prepare current account of the partners
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Riya Riya 11 months ago

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