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A and B entered into partnership …

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A and B entered into partnership on 30th September 2013 introducing capital of 200000 each they divided the profit of 260000 for the year ended 2013-14 in the ratio 5: 4: 4 without providing for the following items: 1. Interest on capital is to be charged at 10% per annum 2. Interest on loan advanced by be on inception of partnership. The amount of advance being 400000 3.managers commission 10% after charging interest on B's advance 4. Profit to be shared equally Pass the journal entry

Posted by Ritikksha Verma 5 years, 4 months ago

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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