Q2027
Anu and Tanu are equal partners with fixed capitals of Rs. 2,00,000 and Rs. 1,00,000, respectively. After closing the accounts for the year ending 31st March 2019, it was dis covered that the interest on capitals @ 8% per annum was omitted to be provided. In the adjusting entry
A.
Anu will be credited with Rs. 6,000 and Tanu will be credited with Rs. 8,000
B.
Anu will be debited with Rs. 16,000 and Tanu will be debited with Rs. 8,000
C.
Anu will be credited with Rs. 4,000 and Tanu will be debited with Rs. 4,000
AnswerD.
Anu will be debited with Rs. 4,000 and Tanu will be credited with Rs. 4,000
Answer: Option C
Solution
Answer: Option C
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