[CBSE] Q. 43 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 43 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

A, B and C are partners sharing profits and losses in the ratio of 1 : 2 : 3. They have omitted interest on capital @ 8% p.a. for two years ended 31st March, 2023. Their fixed capitals were ₹ 4,00,000, ₹ 6,00,000 and ₹ 8,00,000 respectively. Pass the necessary adjusting entry.

Ans.

C’s Current A/c Dr. 16,000
To A’s Currant A/c 16,000

Solution:-

C’s Current A/c Dr.	16,000
To A’s Current A/c (Interest on capital for two years omitted now rectified)	16,000

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