Solution for 65 question 65 Mita and Usha are partners in a firm sharing profits in the ratio of - Accountancy - Accounting for Partnership Basic Concepts

Question

Solution for 65 question
65 Mita and Usha are partners in a firm sharing profits in the
ratio of 2:3 Their capital accounts as on 1st April, 2015 showed
balance of Rs?1,40,000 and Rs 1,20,000 respectively the drawings of
mita and Usha?during the year 2015-16 were Rs 32,000 and Rs 24,000
respectively Both the amount were withdrawn on 1st January 2016 It
was subsequently?found that the following item had been omitted
while preparing the final accounts for the year ended 31st
March,2016

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