Question

X, Y and Z are partners their capitals being Rs.3,00,000,Rs.2,50,000 and Rs.2,00,000 respectively. In arriving at these figures, the profits for the year ended 31st March,2020 Rs.2,40,000 has already been credited to the partners in the proportion in which they share profits. Their drawings were X Rs.50,000,Y Rs40,000 and Z Rs.30,000 for the year ending 31st march,2020.Subsequently the following omissions were noticed and it was decided to bring them into account. (i) Interest on capital @10% p.a. (ii) Interest on drawings X Rs.2,500,Y Rs2,000 and Z Rs.1,500 Make the necessary journal entry​

Answer 1

Answer:

I didn't catch that can you try again