Question
If 6% interest is to be allowed on a capital of
₹10,00,000, what will the adjusting entry be for this will in the books of the partnership firm?Solution
Interest = ₹10,00,000 × 6% Interest = ₹60,000 So, the adjusting entry in the books of the partnership firm would be: Debit: Interest Expense [Interest on capital] & Credit: Partner’s capital account as the firm needs to pay partners so there is an increase in liability.
Which of the following is a macronutrient essential for plant growth?
Which organization provides the list of agriculture products that are banned or restricted for import/export in India?
Sugarcane is considered mature, if Brix value is:
Post-emergence herbicide for weed management in rice is
The phenomenon slickenside found in which soil
Dieback in citrus and cracking of apple is due to the deficiency of
The degree to which an innovation is changed or modified by a user in the process of its adoption and implementation is refereed as:
What is the structure called?
What is the term for the arrangement of chromosomes in a descending order of size based on their centromere position?
Aflatoxin, a mycotoxin produced by Aspergillus, is associated with ____ crop.
