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Necessary adjustment entry

Home » Necessary adjustment entry
Posted inGeneral

22. Amit, Sumit and Pulkit were partners sharing Profit &Loss

22. Amit, Sumit and Pulkit were partners sharing Profit &Loss in the ratio 5:3:2. Their Capitals were Rs 8,00,000; Rs 7,00,000 and Rs 5,00,000 respectively. According to Partnership Deed:-(a) Interest…
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Posted inAccountancy Class 12 Fundamental of Partnership

Ram, Mohan and Sohan were partners sharing profits in the ratio of 2:1:1

62:- Ram, Mohan and Sohan were partners sharing profits in the ratio of 2:1:1. Ram withdrew Rs 3,000 every month and Mohan withdrew Rs 4,000 every month. Interest on drawings…
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