Q. 38. A and B were partners sharing profits in 2 : 1 ratio. During the year ended
31st March, 2009, A's drawings were 35,000 per month drawn in the beginning of
every month and B's drawings were *2,500 per month drawn at the end of every
month. After the preparation of final accounts, it was discovered that interest on A's
drawings @ 12% p.a. was not taken into consideration. Give the necessary adjusting
entry on 1st April, 2009.
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an organization of workers formed to protect the rights and interests of its members. : an act of joining two or more things together. : a group of states or nations that are ruled by one government or that agree to work together.
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