Ram Mohan and Sohan Were  partners sharing profit in the ratio of 2:1:1 . ram withdrew Rs.3000 every month and Mohan withdrew Rs.4000 every month . interest on drawings at 6% per annum was charged where as partnership deed was silent about interest on drawings . show your working clearly pass the necessary adjustment entry to rectify the error

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Mohan's Capital A/C.... Dr. Rs. 810 To Ram's Capital A/C.......CR. Rs.180 To Mohan's Capital A/C........CR. Rs. 630
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Ram Mohan and Sohan Were partners sharing profit in the ratio of 2:1:1 . ram withdrew Rs.3000 every month and Mohan withdrew Rs.4000 every month . interest on drawings at 6% per annum was charged where as partnership deed was silent about interest on drawings . show your working clearly pass the necessary adjustment entry to rectify the error
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Ram, Mohan and Sohan were partners sharing profits in the ratio of 2 : 1 : 1. Ram withdrew ₹ 3,000 every month and Mohan withdrew ₹ 4,000 every month. Interest on drawings @ 6% p.a. was charged, whereas the partnership deed was silent about interest on drawings. Showing your working clearly, pass the necessary adjustment entry to rectify the error.
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