Question

after closing the books for the year 31-3-07 it was found that interest on drawings @9% p.a. has been omitted from the books. the partners xy and z withdraw rs 10000 rs 15000 and rs 5000 respectively during the year. you are required to to pass the adjusting entry for the ommission of interest on drawings assuming profit ratio 2:2:1

Answer 1

Explanation:

drawings @9% p.a. has been omitted from the books. the partners xy and z withdraw rs 10000 rs 15000 and rs 5000 ...