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On 31 March 2021 the balance …

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On 31 March 2021 the balance in the capital accounts of Mansi simran and namita are 56000 ,44800 and 33,600 respectively after distributing the profit of 67200 for the year in their agreed ratio 3:1:1 it was found that the following items were not taken Into consideration in the books of accounts . 1 interest on capital @10 %p.a 2 commission to mansi was 6720 3 salary to mansi and simran 1120 and 16800 respectively 4 interest on drawing Mansi 784 simran s
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