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प्रश्न
Esha, Kavya and Ruchi were partners sharing profits in the ratio of 2 : 2 : 1. Esha withdrew ₹ 5,000 every month, and Kavya withdrew ₹ 7,500 every month. Interest on drawings @ 6% p.a. was charged, whereas the partnership deed was silent about interest on drawings.
In the adjustment entry:
पर्याय
Cr. Kavya ₹ 1,800 and Dr. Ruchi ₹ 1,800
Dr. Kavya ₹ 1,800 and Cr. Ruchi ₹ 1,800
Cr. Kavya ₹ 900 and Dr. Ruchi ₹ 900
Dr. Kavya ₹ 900 and Cr. Ruchi ₹ 900
MCQ
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उत्तर
Cr. Kavya ₹ 900 and Dr. Ruchi ₹ 900
Explanation:
Esha’s drawings = ₹ 5,000 × 12
= ₹ 60,000
Kavya’s drawings = ₹ 7,500 × 12
= ₹ 90,000
Calculation of interest on drawings:
As drawings are made monthly, average period = 6 months
Esha = `60,000 xx 6/100 xx 6/12`
= ₹ 1,800
Kavya = `90,000 xx 6/100 xx 6/12`
= ₹ 1,800
| Particulars | Esha (₹) | Kavya (₹) | Ruchi (₹) | Total (₹) |
| Cancellation of interest on Drawings (Cr.) | 1,800 | 2,700 | - | 4,500 |
| 1,800 | 1,800 | 900 | 4,500 | |
| Net Effect | - | Cr. 900 | Dr. 900 | - |
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