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Ram and Shyam were partners in …

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Ram and Shyam were partners in a firm sharing profits in the ratio of 3 : 5. Their fixed capitals were : Ram Rs.5,00,000 and Shyam Rs. 9,00,000. After the accounts of the year 2020 had been closed, it was found that interest on capital @ 10% per annum as provided in the partnership agreement has not been credited to the capital Accounts of the partners. Pass a necessary entry to rectify the error.

Posted by Hari Priya 5 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Harwinder Bhall 4 years, 4 months ago

ram and shyam were partner in a firm sharing profits in the ratio of 3:5 .their fixed capital ......

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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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CBSE > Class 12 > Accountancy

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