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Mudit sudhir and uday are partners …

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Mudit sudhir and uday are partners in a firm sharing propit in the ratio of 3:1:1.their fixed capital balance are 400000 160000 120000 respectively. Net propit for the yr ended 31st March 2018 distribution amongst the partners was 100000 without taking into account the following adjustment (A) interest on capital @2.5%p.a; (b) salary to Mudit 18000 p.a and commission to uday 12000 (c) Mudit was allowed a commission of 6% of divisible profit after charging such commission. Pass a rectifying journal entry in the book of the firm. Show working clearly

Posted by Nisha Thakur 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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Cheshta Sharma Xii-C-09 5 years, 3 months ago

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Posted by Srishti Arya 1 year, 2 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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