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Anu and Tanu are equal partners with fixed capitals of 2,00,000 and 1,00,000 respectively. After closing the accounts for the year ending 31st – March, 2019 it was discovered that interest on capitals @ 8% p.a. was omitted to be provided. In the adjusting entry :
Anu will be credited by 16,000 and Tanu will be credited by 8,000
Anu will be debited by 16,000 and Tanu will be debited by 8,000
Anu will be credited by 4,000 and Tanu will be debited by 4,000
Anu will be debited by 4,000 and Tanu will be credited by 4,000
By: santosh ProfileResourcesReport error
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