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

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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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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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