Question

VIS
TO
LEIL CUIULIUUUUUUU.
8)
Lata, Geeta and Pravina are partners of a partnership firm. After distribution of the profit of
the year it was realised that charging of interest on partners' drawings account respectively
* 2700, 1200 and * 1500 was missed out. Write an entry for the rectification of error.​

Answer 1

Answer:

lata's capital a/c. dr 2700

Greta's capital a/c dr 1200

Pravina's capital a/c dr 1500

To interest on drawing a/c. 5400

( being the interest on drawings of partners was missed out, is recorded)

Answer 2

This is a answer of accounts ch1