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Instant answer within 5 minutes please don't waste my turn 40. X, Y and Z are partners sharing profits and losses in the ratio of
Instant answer within 5 minutes please don't waste my turn 40. X, Y and Z are partners sharing profits and losses in the ratio of 3 : 2:1. After the final accounts have been prepared, it was discovered that interest on drawings @ 5% p.a. had not been taken into consideration. The drawings of the Partners were : X 31,50,000; Y 1,26,000; Z 31,20,000. Give the necessary adjusting journal entry
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