1201
Q. 45. A and B were partners sharing profits in 2:1 ratio. During the year ended
31st March, 2016, A's drawings were 50,000 per month drawn in the beginning of
every month and B's drawings were $25,000 per month drawn at the end of every
month. After the preparation of final accounts, it was discovered that interest on A's
drawings @ 12% p.a. was not taken into consideration. Give the necessary adjusting
entry on 1st April, 2016.
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Answer:
B is the answer of this question
Explanation:
it's been to the B only
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