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kumar and raja were partner in a firm sharing profit in the ratio of 7:3.there fixed capital were:kumar 900000 and raja 400000.thepartnership deed provided for the following but the profit for the year was distru buted without providing for: (i) interest on capital @9%per annum. (ii)kumar salary 50000 per year and raja 3000 per month. the profit for ended 31.2 .2018vwas 278000. pass the adjustment entry.

Posted by Gautam Diwakar 5 years, 3 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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