Tom and Harry were partners in a firm sharing profits in the ratio of 5:3. During the year ended 31st march ,2015 Tom had withdrawn Rs 40000.Intrest on his drawing amounted toRs 200. pass necessary journal entry changing intrest on drawing assuming that the capital of the partners were fluctuating.
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Interest on drawing a/c. ...dr. 200
To Tom's Capital a/c. 200
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