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प्रश्न
Atul and Gita were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their fixed capitals were ₹ 4,00,000 and ₹ 2,00,000 respectively. After the accounts for the year were prepared, it was noticed that interest on capital @ 6% p.a., as provided in the partnership deed, was not credited to the capital accounts of partners before distribution of profits.
Pass the necessary adjusting Journal entry. Show your workings clearly.
रोजनामा प्रविष्टि
उत्तर
| Journal Entries | ||||
| Date | Particulars | L.F. | Amount (₹) | Amount (₹) |
| Gita's Current A/c ...Dr. | 2,400 | - | ||
| To Atul's Current A/c | - | 2,400 | ||
| (Being error rectified) | ||||
| Adjustment Table | |||
| Particulars | Atul | Gita | Total |
| Interest on capital (Cr.) | 24,000 | 12,000 | 36,000 |
| Profit already distributed (Dr.) | 21,600 | 14,400 | 36,000 |
| Difference | 2,400 (Cr.) | 2,400 (Dr.) | |
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