1.

X,y,z are partner in a firm who those profit in theratio of 2:3:5. The firmearned a profit of rupees150000 for the yend ended 31 March 2018, Theprofit by mistake was disturbed among X,Y,Zin the ratio 3:2:1 respectively the errorwas noted only in the beginning of the next yearpass necessary entry to rectify the error​

Answer»

ANSWER:

Z's CAPITAL a/c DR. 50000

to x's capital a/c 45000

to y's capital a/c. 5000



Discussion

No Comment Found

Related InterviewSolutions