Question
A, B and C shared the profit of Rs. 9,00,000 in the ratio of 2:2:1 without providing for interest on Bs loan, B granted a
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.
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In the absence of information related to profit sharing rati...
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Digital Systems Design Using Verilog
Authors: Charles Roth, Lizy K. John, Byeong Kil Lee
1st edition
1285051076, 978-1285051079
