047.P. O and R are partners sharing profits in the ratio of 2:1:1. Their capitalsas on 1st April, 2017 were 50,000, 30,000 and 20,000 respectively. At the end ofthe year ending 31st March, 2018 it was found out that interest on capitals 12% p.a..salaries to P. 500 per month and R 1,000 per month were not adjusted from theprofits. Show adjusting entry to be made in the next year for above adjustments.

047.P. O and R are partners sharing profits in the ratio of 2:1:1. The

1.	047.P. O and R are partners sharing profits in the ratio of 2:1:1. Their capitalsas on 1st April, 2017 were 50,000, 30,000 and 20,000 respectively. At the end ofthe year ending 31st March, 2018 it was found out that interest on capitals 12% p.a..salaries to P. 500 per month and R 1,000 per month were not adjusted from theprofits. Show adjusting entry to be made in the next year for above adjustments.
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