Question

Q.2 Chhavi and Neha were partners in a firm sharing profits and losses equally. Chhavi withdrew a fixed amount
at the beginning of each quarter. Interest on drawings is charged @6% p.a. At the end of the year, interest on
Chhavi's drawings amounted to 2900. Pass necessary journal entry for charging interest interest on drawings.
Thononital of the firm of Anui and Benu is 710 00 000 and the market rate of interest is 15%. Annual salary to​

Answer 1

Answer:

nal entry for charging interest interest on drawings.

Thononital of the firm of Anui and Benu is 710 00 000 and the market rate of interest is 15%. Annual salary to