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E, F and G were partners …

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E, F and G were partners in a firm sharing profits in the ratio of 3: 3: 4. Their respe fixed capitals were E 3,00,000; F * 4,00,000 and G * 5,00,000. The partnership deed provided for allowing interest on capital @12% p.a. even if it results into a loss to the The net profit of the firm for the year ended 31st March, 2018 was 2,10,000. Pass necessary journal entries for allowing interest on capital and distribution of pré in the books of the firm. All India 2019

Posted by Jahanvi Khurana 2 months, 1 week ago

CBSE > Class 12 > Accountancy

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