Question

Journal entries Provide interest on capital (Rs.60,000) at 15% p.a. for six months. Charge interest on drawings (Rs.10,000) at 18% p.a. for six months. Brokerage due to us Rs.500. Proprietor withdrew for private use Rs.1,000 from office and Rs.800 from bank. Purchased a cow for business Rs.20,000. Paid Rs.250 in cash as wages on installation of a machinery.

Answer 1

int on cap a/c........ Dr 4500/

To Partner capital a/c /4500

P/l appro... Dr 4500/

To int on cap / 4500

Partner capital a/c ... Dr 900/

To int on drawing a/c /900

Int on drawing a/c dr 900/

To p/l appro a/c /900

Brokerage a/c... Dr 500/

(i don't know this entry)

Drawings a/c.... Dr 1800/

To cash a/c /1000

To bank a/c /800

Cow a/c / purchase a/c.... Dr 20000

To cash a/c 20000

Cash a/c..... Dr 250/

To wages a/c /250

Answer 2

Answer:

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