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Preeti Dabral 2 years, 11 months ago (2983787)
William Orville Douglas was an American jurist who served as an associate justice of the Supreme Court of the United States, who was known for his strong progressive and civil libertarian views, and is often cited as the U.S. Supreme Court's most liberal justice ever.
Posted by Surabhi Jain 2 years, 11 months ago (12222215)
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Preeti Dabral 2 years, 11 months ago (2983787)
JOURNAL
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| Sara’s Current A/c ... Dr. | 9,000 | |||
| To Neena’s Current A/c | 9,000 | |||
| (Interest on Capital wrongly credited, now rectified) |
Working Note:
Table showing adjustments
| Partners | Interest on capital Dr. (₹) 2017-18 | Profits 4:5 Cr. 2017-18(₹) | Interest on capital Dr. (₹)2018-19 |
Profits 5:1 2018-19Cr. (₹) |
Net Effect | |
| Dr. (₹) | Cr. (₹) | |||||
| Neena | 30,000 | 24,000 | 30,000 | 45,000 | - | 9,000 |
| Sara | 24,000 | 30,000 | 24,000 | 9,000 | 9,000 | - |
| 54,000 | 54,000 | 54,000 | 54,000 | 9,000 | 9,000 |
Interest on capital:
Neena = 5,00,000 {tex}\times{/tex} 6% = 30,000 for one year
Sara = 4,00,000 {tex}\times{/tex} 6% = 24,000 for one year
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Preeti Dabral 2 years, 11 months ago (2983787)
Given, a4 = 0
a + (n - 1)d = 0 [n = 4]
a + 3d = 0
a = -3d
From LHS, a25 = a + (n - 1)d
= a + (25 - 1)d
= a + 24d [∵∵ a = -3d]
= -3d + 24d = 21d
From RHS, a11 = a + (n - 1)d
= a + (11 - 1)d = a + 10d [∵∵ a = -3d]
= -3d + 10d
= 7d
∴∴ Hence, a25 = 3 ×× a11

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A B 2 years, 11 months ago (10894129)
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