on March 31st 2019 balance in the capital accounts of Asha nisha and disha after making adjustments for profit and drawings were 150000 ,120000 and 90000 respectively . subsequently it was discovered that interest on capital and interest on drawings had been omitted. the partners were entitled to interest on capital at 10 % per annum ,interest on drawings was also to be charged at 10 % per annum. the drawings during the year where Asha 50000 nisha 60000 and Disha 30,000.net profit for the year ending 31st March 2019 amounted to 100000 .the profit sharing ratio was 2:2:1 pass the necessary journal adjustment entry and show your working clearly

Dear Student,


  • -3
What are you looking for?