Ask a New Question

can you help me please for this solving problem below...

problem:

A, B and C shared the profit of Rs. 9,00,000 in the ratio of 2:2:1 without providing for interest on B’s loan, B granted a loan of Rs. 4,00,000 in the beginning of accounting year. Where as the partnership deed is silent on the interest on loan and the profit sharing ratio. Give adjusting entry.

Ask a New Question or answer this question.

Similar Questions

Write an essay on problem solving in the business. Use the following headings to guide theanswer: � Problem solving steps �
1. 1 answer
The problem says indicate the the number of sig. figs. that should be present in the answers to the following problem without
1. 7 answers
What step defines overall direction of a problem-solving process?• discussing the problem researching the problem O observing
1. 1 answer
Which of the following problem solving steps should you do first when solving a word problem a apply the strategy to solve the
1. 5 answers

more similar questions