1.

X Y and Zare partnersin afirmsharingprofits and lossesin theratio of 5:3,2 their fixed capitalswere Rs. 3,00,000 Rs. 2,00,000 and1,00,000respectively for the yearended31st March2019 interestoncapitalwascredited to them @ 10% p.a insteadof 8%p.aShowingyourworking notesclearly passneecessary adjusment journalenttry .

Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TSG_ACC_XII_V01_C02_S01_041_S01.png" width="80%"/><br/>Lowrateof <a href="https://interviewquestions.tuteehub.com/tag/intereston-2132068" style="font-weight:bold;" target="_blank" title="Click to know more about INTERESTON">INTERESTON</a> capitalwillincrease theprofit of the firmby <a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. 12,000-Rs.48,000) whichis divisibleamong <a href="https://interviewquestions.tuteehub.com/tag/partners-1148238" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNERS">PARTNERS</a> .</body></html>


Discussion

No Comment Found

Related InterviewSolutions