Hari, Kunal, and Uma are partners sharing profits and losses in the ratio of 3 : 2 : 1. After the final accounts had been prepared, It was noticed that interest on drawings @ 5% p.a. has not been charged. The drawings of partners were: Hari ₹ 30,000; Kunal ₹ 25,200; Uma ₹ 24,000. Pass the necessary adjusting Journal entry.
Hari, Kunal, and Uma are partners sharing profits and losses in the ratio of 3 : 2 : 1. After the final accounts had been prepared, It was noticed that interest on drawings @ 5% p.a. has not been charged.
The drawings of partners were: Hari ₹ 30,000; Kunal ₹ 25,200; Uma ₹ 24,000.
Pass the necessary adjusting Journal entry.
Anurag Pathak Changed status to publish April 15, 2023
