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A,b and c are partners sharing …

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A,b and c are partners sharing profit and losses in the ratio of 1:2:3,they have omitted interest on capital@8%p.a. for two years ended 31st March ,2016.their fixed capital were rupees 4,00,000, rupees 6,00,000 and rupees 8,00,000 respectively. Pass the necessary adjusting entry.

Posted by Sanjana Shukla 5 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Shalini . 5 years, 9 months ago

C's Cap A/c Dr. ₹1,600 To A's Cap A/c. ₹ 1,600 (Being adjustment entry for int. On cap.)

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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