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Partners x and y sharing in …

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Partners x and y sharing in 3:2 have fixed capitas of Rs 1500000 and Rs 500000 respectively which are subject to interest on capital @8% p.a. but at the end of the current year it was found that interest on capital was credited to capital accounts @10% p.a. rectify

Posted by Divya Yadav 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

D A 8 years, 4 months ago

Firstly Interest already credited will be 2% Then Profit to be cr in place of interest in profit-sharing ratio Then Both will be compared to find gain &sacrifice of partners

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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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