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X and Y are partners sharing …

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X and Y are partners sharing profits and lossez in the ratio of 3:2. Their fixed capitals are 200000 and 150000 .As per the provisions of partnership deed partners ate entitled to interest on capital @6%p.a.For the year 2013-14,interest on capital was correctly given to Y @ 6%p.a. but by mistake given to X@9%p.a. Pass an adjustment entry to rectify the above error.

Posted by Kajal Sharma 6 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Kajal Sharma 6 years, 5 months ago

Please explain more

Sakshi Sharma??️??️ 6 years, 5 months ago

X capital A/c. Dr 2,400. To Y capital A/c 2,400

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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