Question 4 please no profits is given???
Dear Student,
This is a question of past adjustment. And in a particular situation we don't need the amount of profit. The question is very easy that interest on capital is not recorded. So, we have to pass an adjustment entry for that.
Regards
This is a question of past adjustment. And in a particular situation we don't need the amount of profit. The question is very easy that interest on capital is not recorded. So, we have to pass an adjustment entry for that.
Regards