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 During the year ended 31-3-2015 Nusrat had withdrawn Rs.15,000.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.
|Date||Particulars||L.F.||Dr. (Rs.)||Cr. (Rs.)|
Nusrat’s Current A/c Dr
To Interest on Drawings A/c
(Being interest charged on drawings to Nusrat’s current A/c)
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