P and q were partners in …
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P and q were partners in a firm sharing profit and losses equally. There fixed capital were 200000 and 300000 respectively. The partnership deed provided for interest on capital@12%per annum for the year ended 31st March 2016 the profits of the firm were distributed without providing interest on capital pass neccesary adjustment entry to rectify the eroors
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Yas S 6 years, 5 months ago
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