shaalaa.com
S

Question - Methods of Capital Accounts - Fixed and Fluctuating Capital Method

Account
User


Login
Register


      Forgot password?
Share
Notifications

View all notifications
Books Shortlist
Your shortlist is empty

Question

A and B were partners in a firm sharing profits in the ratio of 4:5. During the year ended 31-3-2015 A withdrew Rs.19,000. Interest on A's drawings was Rs.700.

Pass necessary Journal entry for charging interest on A's drawings assuming that the capitals of the partners were fixed.

Solution

You need to to view the solution
Is there an error in this question or solution?

Video TutorialsVIEW ALL [1]

S