Nusrat and Sonu were partners in a firm sharing profits in the ratio of 3: 2. During the year ended 31st March, 2015 Nusrat had withdrawn Rs. 15,000. Interest on her drawings amounted to Rs. 300. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fixed. (Delhi 2016)

SOLUTION

JOURNAL

Date	Particulars	L.F	Amount (Dr.)	Amount (Cr.)
2015 March 31	Nusrat’s Current A/c Dr. To Interest on Drawing A/c		300	300