Question: Please do only if u can do in 5 minutes or else let others try 38. A, B and C are partners in a firm.

Please do only if u can do in 5 minutes or

Please do only if u can do in 5 minutes or else let others try 38. A, B and C are partners in a firm. They have omitted interest on capital @ 10% p.a. for three years ended 31st March, 2007. Their fixed capitals on which interest was to be calculated throughout were : A 1,00,000 80,000 C 70,000 Give the necessary adjusting journal entry with working notes. B

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