| A, B and C are partners sharing profits in the ratio of 3 : 2 : 1 with a capital of Rs. 5,00,000 each. Interest on drawing @ 12% p.a. A withdrew the following amounts during the year | |
| 01.04.2021 = 20,000 | 01.07.2021 = 20,000 |
| 01.10.2021 = 20,000 | 01.01.2022 = 20,000 |
| Interest on drawings of A will be Rs._____ to be shown in the ______ side of Partners' Capital Account: | |
A) 5, 200 / Credit side
B) 5, 200 / Debit side
C) 6, 000 / Credit side
D) 6, 000 / Debit side
Correct Answer: D
Solution :
6, 000 / Debit side
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