A, B and C are partners sharing profits and losses in the ratio of 5 : 3 : 1. After the final accounts have been prepared, it was discovered that interest on drawings

A, B and C are partners sharing profits and losses in the ratio of 5 : 3 : 1. After the final accounts have been prepared, it was discovered that interest on drawings had not been taken into consideration. The interest on drawings of partners amounted to A ₹ 8,000, B ₹ 6,000 and C ₹ 4,000. Give the necessary adjusting Journal entry.

Ans.

C’s Capital A/c Dr. 2,000
To A’s Capital A/c 2,000