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Mohan Vijay and Anil are partners …

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Mohan Vijay and Anil are partners their capitals being 30000 25000 and 20000 respectively. In arriving these figures the profits for the year ended 31st March 2021 ₹24000 has already been credited to the partners in which they share profits . Their drawings were ₹5000 (mohan) ₹4000(Vijay) and ₹3000(Anil) for the year ending 31st March 2021. Subsequently the following omissions were noticed and it was decided to bring them into account i) Interest on capital @10% ii) Interest on drawing Mohan ₹250 Vijay ₹200 and Anil ₹150. Make the necessary journal entry and prepare Capital accounts of partners.

Posted by 14_Xii_D_Nandini _Chatterjee 2 years, 4 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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