30 A and B share profits in the ratio of 3 : 2. Their drawings for the year ending 31st March, 2016 were as under: B 1st May, 2015 6,000 1st April, 2015 5,000 30th November, 2015 8,000 31st August, 2015 6,000 31st January, 2016 7,000 31st October, 2015 4,000 1st February, 2016 31st March, 2016 3,000 Calculate interest on drawings @ 15% p.a. for the year ended on 31st March, 2016 and pass the necessary journal entries for the same. 2,000