32) Anshuman, Bhavya & Janya are partners sharing profit-loss in the ratio of 43.2. At the end of the year
afier the preparation of final account it is realized that, computation of interest on drawings is missed out
Interest on drawings was Rs 1000, RS 900 Rs 800 respectively. Write journal entry for rectification.
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Answer:partner, ratio in which the profits and the losses will be shared by the partners and entitlement ... amount of capital contributed by him in the firm as a matter of right. ... All items like share of profit or loss, interest on capital, drawings, interest ... Loss Account for the year ending March 31, 2015 was Rs. 35,660.
Explanation:
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