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X and y are partners sharing profit ratio in 2:1 their respective fixed capitals were 5 lakh and 3 lakh the partnership deed provided the followings 1. interest on capital @ 6% per annum 2. interest on drawings@12% per annum during the year and 31st March2022 drawings of X were 1000 per month drawn at the beginning of every month and drawings of Y were 1000 at the middle of everyone month after the preparation of final accounts for the year it was discovered that interest on capitals and interest on drawings of partners for omitted give the rectifying journal entry

Posted by Arvik Jain 1 year, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Tarankamboj 1313 Tarankamboj 1 year, 6 months ago

Y current A/C. Dr1780 To X current A/C 1780

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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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Posted by Srishti Arya 1 month, 2 weeks 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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Posted by Palak Sharma 4 months ago

CBSE > Class 12 > Accountancy

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