Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount (₹) |
Credit Amount (₹) |
|
|
Anu’s Capital A/c |
Dr. |
|
1,000 |
|
|
To Pankaj’s Capital A/c |
|
|
1,000 |
|
|
(Adjustment of omission of Interest on Capital) |
|
|
|
|
|
|
|
|
|
Working Note:
Statement Showing Adjustment |
|||
Particulars |
Pankaj |
Anu |
Total |
Interest on Capital to be credited |
3,000 |
1,000 |
4,000 |
Profit wrongly distributed equally to be debited |
(2,000) |
(2,000) |
(4,000) |
Net Effect |
1,000 (Cr.) |
1,000 (Dr.) |
NIL |
|
|
|
|