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PMMarks :Q10: Anu and Tanu are equal partners with fixed capitals of2,00,000 and 1,00,000 respectively. After closing the accounts forthe year ending 31st - March, 2019 it was discovered that interest oncapitals @ 8% p.a. was omitted to be provided. In the adjusting entry: |
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Answer» Journal entry:- Tanu's CAPITAL A/c _________Dr. 4000 -- To ANU's capital A/c -- 4000 {Being ADJUSTMENT of interest on capital made} |
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