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Old mathjax Webview within 5 minutes or else skip please 58. Anil and Sunil are partners in a firm. Their respective capital contributions are 35,00,000
Old mathjax Webview within 5 minutes or else skip please 58. Anil and Sunil are partners in a firm. Their respective capital contributions are 35,00,000 and 13,00,000 and their profit-sharing ratio is 2 : 1. Immediately after the allocation of 1,50,000 as profit for the year ended 31st March, 2011, it was discovered that in arriving at the profit the following two items were ignored : (i) Outstanding expenses of 12,000 and (ii) Accrued interest an investment of 7,200. Pass the necessary adjusting Journal entry
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