Question

A and B were partners sharing profits in 2:1 ratio. During the year ended 31st march ,2021, A's drawings were ₹50,000 per month draw in the beginning of every month and B's drawing werev₹ 25,000 per month draw 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 afjusting entry on 1st April ,2021.
एनबी 15772 रेश्यो वन ​

Answer 1

Answer:

• A 's capital a/c Dr 6000

to profit and loss appropriation AC 6000

• profit and loss appropriation AC Dr 6000

to A's capital a/c 400

. to b's capital a/c 4000