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Ram, Mohan and Sohan sharing profits and losses equally have capitals of ₹ 1,20,000, ₹ 90,000 and ₹ 60,000 respectively. For the year ended 31st March, 2019, interest was credited to them 6% instead of 5%.Give adjustment Journal entry. |
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Answer» Ram, Mohan and Sohan sharing profits and losses equally have capitals of ₹ 1,20,000, ₹ 90,000 and ₹ 60,000 respectively. For the year ended 31st March, 2019, interest was credited to them 6% instead of 5%. Give adjustment Journal entry. |
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