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प्रश्न
Ajay, Manish and Sachin were partners sharing profits in the ratio 5:3:2. Their Capitals were ₹ 6,00,000; ₹ 8,00,000 and ₹ 11,00,000 as on April 01, 2021. As per Partnership deed, Interest on Capitals were to be provided @ 10% p.a. For the year ended March 31, 2022, Profits of ₹ 2,00,000 were distributed without providing for Interest on Capitals. Pass an adjustment entry and show the workings clearly.
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उत्तर
| Journal Entry | ||||
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| Ajay’s Capital A/c ...Dr. | 52,000 | |||
| To Manish’s Capital A/c | 4,000 | |||
| To Sachin’s Capital A/c | 48,000 | |||
| (Adjustment entry passed) | ||||
Working Notes -
| Particulars | Ajay | Manish | Sachin | Firm | ||||
| Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |
| Profits taken back | 1,00,000 | 60,000 | 40,000 | 2,00,000 | ||||
| Interest on Capital to be credited | 48,000 | 64,000 | 88,000 | 2,00,000 | ||||
| 1,00,000 | 48,000 | 60,000 | 64,000 | 40,000 | 88,000 | 2,00,000 | 2,00,000 | |
| 52,000 (Dr.) | 4,000 (Cr.) | 48,000 (Cr.) | ||||||
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