Question

ed 31st March, 2020. show the
on 1st April 2019. Interes
.
Ani
Shanu
and
Charu
are
partners
in
a
firm
sharing
profits
and
losses
equally
with
capital
of
2,50,000
auch
On
ist
October
,
2019
,
Ankit
and
Bhanu
gave
loans
of
2,50.000
each
to
the
firm
whereas
Charu
took
an
of
100.000
from
the
firm
on
the
same
date
.
It
was
agreed
among
the
partners
that
charu
will
be
charged
Interest
)
6
%
pa
.
Interest
on
loan
from
partners
was
paid
on
10th
April
,
2020.
The
firm
closes
its
12.
Nirmal
and
Pawan
are
partners
sharing
profits
in
the
ratio
of
3
Pass
the
Journal
entries
in
the
books
of
the
firm
for
the
year
ended
31st
March
,
2020
books
on
31st
March
each
year
,
​

Answer 1

Answer:

2020 books on 31st March each year is the right answer.