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P and q were partners ina …

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P and q were partners ina firm sharing profits equally.thier fixed capitals were 100000,50000 respectively the partnership deed provided for int on capital at the rate of 10% per annum.for the year ended 31st march the profits of the firm were disturbed without providing int on capital

Posted by Priyanshi Mishra 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Alisha Wadhwa 6 years, 6 months ago

P. Q. Total Int. On cap. (Cr.) 10,000. 5,000. 15000 Division of loss(dr.). 7500. 7500. 15000 Adj. Entry. 2,500(cr.). 2500(dr.) Q's cap a/c. Dr. 2500 To P's cap a/c. 2500

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CBSE > Class 12 > Accountancy

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