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A, B and C were partners in a firm. On 1st April, 2008, their fixed capitals stood at Rs 50,000, Rs 25,000 and Rs 25,000 respectively. As per the provisions of the partnership deedB was entitled for a salary of Rs 5,000 per annum.All the partners were entitled to interest on capital at 5% per annum.Profits were to be shared in the ratio of capitals.The net profit for the year ending 31st March 2009 of Rs33,000 and 31st March, 2010 of Rs45,000 was divided equally without providing for the above terms. Pass an adjustment journal entry to rectify the above error.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A, B and C were partners in a firm. On 1st April, 2008, their fixed capitals stood at Rs 50,000, Rs 25,000 and Rs 25,000 respectively. As per the provisions of the partnership deedB was entitled for a salary of Rs 5,000 per annum.All the partners were entitled to interest on capital at 5% per annum.Profits were to be shared in the ratio of capitals.The net profit for the year ending 31st March 2009 of Rs33,000 and 31st March, 2010 of Rs45,000 was divided equally without providing for the above terms. Pass an adjustment journal entry to rectify the above error.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C were partners in a firm. On 1st April, 2008, their fixed capitals stood at Rs 50,000, Rs 25,000 and Rs 25,000 respectively. As per the provisions of the partnership deedB was entitled for a salary of Rs 5,000 per annum.All the partners were entitled to interest on capital at 5% per annum.Profits were to be shared in the ratio of capitals.The net profit for the year ending 31st March 2009 of Rs33,000 and 31st March, 2010 of Rs45,000 was divided equally without providing for the above terms. Pass an adjustment journal entry to rectify the above error.?.

Solutions for A, B and C were partners in a firm. On 1st April, 2008, their fixed capitals stood at Rs 50,000, Rs 25,000 and Rs 25,000 respectively. As per the provisions of the partnership deedB was entitled for a salary of Rs 5,000 per annum.All the partners were entitled to interest on capital at 5% per annum.Profits were to be shared in the ratio of capitals.The net profit for the year ending 31st March 2009 of Rs33,000 and 31st March, 2010 of Rs45,000 was divided equally without providing for the above terms. Pass an adjustment journal entry to rectify the above error.? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of A, B and C were partners in a firm. On 1st April, 2008, their fixed capitals stood at Rs 50,000, Rs 25,000 and Rs 25,000 respectively. As per the provisions of the partnership deedB was entitled for a salary of Rs 5,000 per annum.All the partners were entitled to interest on capital at 5% per annum.Profits were to be shared in the ratio of capitals.The net profit for the year ending 31st March 2009 of Rs33,000 and 31st March, 2010 of Rs45,000 was divided equally without providing for the above terms. Pass an adjustment journal entry to rectify the above error.? defined & explained in the simplest way possible. Besides giving the explanation of A, B and C were partners in a firm. On 1st April, 2008, their fixed capitals stood at Rs 50,000, Rs 25,000 and Rs 25,000 respectively. As per the provisions of the partnership deedB was entitled for a salary of Rs 5,000 per annum.All the partners were entitled to interest on capital at 5% per annum.Profits were to be shared in the ratio of capitals.The net profit for the year ending 31st March 2009 of Rs33,000 and 31st March, 2010 of Rs45,000 was divided equally without providing for the above terms. Pass an adjustment journal entry to rectify the above error.?, a detailed solution for A, B and C were partners in a firm. On 1st April, 2008, their fixed capitals stood at Rs 50,000, Rs 25,000 and Rs 25,000 respectively. As per the provisions of the partnership deedB was entitled for a salary of Rs 5,000 per annum.All the partners were entitled to interest on capital at 5% per annum.Profits were to be shared in the ratio of capitals.The net profit for the year ending 31st March 2009 of Rs33,000 and 31st March, 2010 of Rs45,000 was divided equally without providing for the above terms. Pass an adjustment journal entry to rectify the above error.? has been provided alongside types of A, B and C were partners in a firm. On 1st April, 2008, their fixed capitals stood at Rs 50,000, Rs 25,000 and Rs 25,000 respectively. As per the provisions of the partnership deedB was entitled for a salary of Rs 5,000 per annum.All the partners were entitled to interest on capital at 5% per annum.Profits were to be shared in the ratio of capitals.The net profit for the year ending 31st March 2009 of Rs33,000 and 31st March, 2010 of Rs45,000 was divided equally without providing for the above terms. Pass an adjustment journal entry to rectify the above error.? theory, EduRev gives you an ample number of questions to practice A, B and C were partners in a firm. On 1st April, 2008, their fixed capitals stood at Rs 50,000, Rs 25,000 and Rs 25,000 respectively. As per the provisions of the partnership deedB was entitled for a salary of Rs 5,000 per annum.All the partners were entitled to interest on capital at 5% per annum.Profits were to be shared in the ratio of capitals.The net profit for the year ending 31st March 2009 of Rs33,000 and 31st March, 2010 of Rs45,000 was divided equally without providing for the above terms. Pass an adjustment journal entry to rectify the above error.? tests, examples and also practice UPSC tests.