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

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Nusrat and Sonu were partners in a firm sharing profits in the ratio of 3:2. During the year ended 31-3-2015 Nusrat had withdrawn Rs.15,000. Interest on her drawings amounted to Rs.300. Pass necessary journal entry for charging interest on drawing assuming that the capitals of the partners were fixed.

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Solution for concept: Methods of Capital Accounts - Fixed and Fluctuating Capital Method. For the courses CBSE (Arts), CBSE (Commerce), CBSE (Science)
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