A, B, C and D are partners sharing profits and losses in 2 : 2 : 3 : 3 respectively. After the accounts of the year had been closed, it was found that interest on drawings @ 6% p.a

A, B, C and D are partners sharing profits and losses in 2 : 2 : 3 : 3 respectively. After the accounts of the year had been closed, it was found that interest on drawings @ 6% p.a. has not been taken into consideration. The drawings of the partners were : A ₹ 20,000; B ₹ 24,000; C ₹ 32,000 and D ₹ 44,000. Give the necessary adjusting entry.

Ans.

D’s Capital A/c Dr. 240
To A’s Capital A/c 120
To C’s Capital A/c 120