JOURNAL ENTRIES FOR INTEREST ON PARTNERS DRAWINGS

Interest on drawings: It is the interest charged on the amount with drawn by the proprietor for this personal use. Interest on drawing is charged on the ground that the drawing of the proprietor amounts to loans granted by the business to the proprietor.
Date Particulars LF Dr. Rs. Cr. Rs.

Capital A/c … Dr.
To Interest on Drawing A/c

Share

Bookmark this post:blogger tutorials Social Bookmarking Blogger Widget

I'm reading: JOURNAL ENTRIES FOR INTEREST ON PARTNERS DRAWINGS ~