Question

10.
Amit, Bimal and Chaman are partners sharing profits and losses equally. Am
gave loans to the firm on 1st October, 2019 of Rs. 1,00,000 and Rs. 1,50,000 respectively. It
is agreed that interest @ 9% p.a. will be paid on loan. Books of account of the firm are
closed on 31st March every year. Interest on loan is yet to be paid as on 31st March, 2020.
Pass Journal entries in the books of account of the firm.
3

Answer 1

Journal Entries

Explanation:

Pls refer to the pic below...