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प्रश्न
Anvi, Vani and Karan were partners in a firm sharing profits in the ratio of 2 : 2 : 1. Their fixed capitals were ₹ 4,00,000, ₹ 5,00,000 and ₹ 6,00,000 respectively. For the year ended 31st March, 2023, interest on capital was credited to the partners capital accounts @ 6% p.a. instead of 10% p.a.
Pass the necessary adjusting Journal entry.
रोजकीर्द नोंद
उत्तर
| Journal Entries | ||||
| Date | Particulars | L.F. | Amount (₹) | Amount (₹) |
| Anvi's Current A/c ...Dr. | 8,000 | |||
| Vani's Current A/c ...Dr. | 4,000 | |||
| To Karan's Current A/c | 12,000 | |||
| (Being error rectified) | ||||
| Adjustment Table | ||||
| Particulars | Avni | Vani | Kraran | Firm |
| Interest on capital @ 4% p.a. | 16,000 (Cr.) | 20,000 (Cr.) | 24,000 (Cr.) | 60,000 (Dr.) |
| Profit already distributed | 24,000 (Dr.) | 24,000 (Dr.) | 12,000 (Dr.) | 60,000 (Cr.) |
| Difference | 8,000 (Dr.) | 4,000 (Dr.) | 12,000 (Cr.) | 0 |
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