interest charged on a drawings 5% P A for three months when total drawings were 8000 journal entry
Answers
Answered by
7
Answer:
drawings a/c Dr 100
to interest on Drawings 100
Explanation:
8,000 × 5% × 3/12 = 100
Answered by
0
Answer:
Drawing account dr 100
(8000×5÷100 ×3÷12)
To interst on drawing 100
[Being interst charged on drawing]
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