Question

18
X. Y and Z are partners sharing profits and losses in the ratio of 3:2:1. After the final 4
accounts have been prepared, it was discovered that interest on drawings @ 5% p.a. had
not been taken into consideration. The drawings of the Partners were: X Rs.15.000: Y-
Rs. 12,600: Z Rs. 12,000. Give the necessary adjusting journal entry.
Journal Entry​

Answer 1

Answer:

z's capital a/c. ----dr. 155

To X's capital a/c. 60

To Y's capital a/c. 95

( Interest on drawing now adjusted)

Answer 2

Answer:

I have got this solution.

Explanation: