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Mona, Nisha and Priyanka were partners …

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Mona, Nisha and Priyanka were partners sharing profits and losses equally. Their respective capitals wereRs.30,000, Rs.20,000 andRs.10,000. After closing the accounts for the year 2019 it was discovered that the interest on capital at the rate 6% p.a. was omitted before distributing the profits. Instead of changing the audited balance sheet it was decided to pass a single adjusting entry in the beginning of the year, so that the accounts of the previous years can b rectified. Pass the journal entry and show the working notes.

Posted by Sanjana Panjwani 5 months, 2 weeks ago

CBSE > Class 12 > Accountancy

2 answers

Iqra Kadir 5 months ago

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Jai Sairam 5 months ago

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Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
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Ask specific question which are clear and concise.

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CBSE > Class 12 > Accountancy

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Posted by Munni Lal 4 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

0 answers

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Posted by Palak Sharma 3 months, 4 weeks ago

CBSE > Class 12 > Accountancy

0 answers

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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 Mahi . 3 months, 4 weeks ago

CBSE > Class 12 > Accountancy

0 answers

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