Question

A and B were partners sharing profit 2:1 ratio.During the year ended 31st march 2016 . A's drawing were ₹50,000 per month in the beginning of every month and B's drawing were ₹25,000 per month at the end of every month.After the preparation of final accounts,it was discovered that interest on A's drawing @12percent p.a was not taken into consideration.G8ve the necessary adjusting entry on 1st april,2016.

Ch-partnership class 12th

Answer 1

Explanation:

b's capital ac dr. 13000 to a's capital ac

Answer 2

Answer:

The Journal entry is:

B's capital ac dr. 13000

To A's capital ac             13,000

Explanation:

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