Question

Q20. Ram and Shyam were partners in a firm. After adjusting the profits of the year 200,000 and
drawings in their Capital Accounts, the balances of their capital were Ram 4,00,000 and
Shyam 3,00,000. During the year Ram withdrew 80.000 and Shyam 1,00,000. It was found
that interest on Capital and Drawings @ 10% pa as provided in the partnership agreement had
not been allowed and charged to the partners' capital accounts. Pas the necessary adjustment
entry.
(6)

Answer 1

Answer:

The answer is 45000...............