[CBSE] Q. 43 DK Goel Fundamentals of Partnership [2026-27]
Solution of Question Number 43 of the Fundamentals of partnership firm DK Goel CBSE Board (2026-27)
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 |
