A, B and C are partners in a firm They have omitted interest on capital 10 p a for three years ended 31 march 2007 Their fixed capitals on which interest was to be calculated through out were ABC Rs 1,00,000 Rs 80,000 Rs 70,000 Give the necessary Journal entry with working notes A, B and C are par...

Solution Steps 3 Persons ABC Calculation A 100000 X 10 10000 Rs B 80 ...

A, B and C are partners in a firm. They have omitted interest on capital @...

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Managing Information Technology

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