A ,B, C are partner in …
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A ,B, C are partner in a firm sharing profit and loss equally .On 1st April theur capitals are 800000 600000 600000 .1st o ct.2018 A advanced 100000to furm wgereas C took a loan of 150000 from firm on same date .it was agreed that C will pay interest@10%p.a. profit for yer 31sr march 2019is 420000 before alllowing or charging int.on loan .pass journal entry for int. on.loan.and prepare current a/c of the partners.
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