Nusrat, Sonu and Himesh are partners sharing profits and losses in the ratio of 5 : 3 : 2. The partnership deed provides for charging interest on drawing’s @ 10% p.a. The drawings of Nusrat, Sonu and Himesh during the year ending December 2015 amounted to Rs. 20,000, Rs. 15,000 and Rs. 10,000 respectively. After the final accounts have been prepared, it was discovered that interest on drawings has not been taken into consideration. Give necessary adjusting journal entry.

Explanation

Journal Entry for adjustment of interest on drawings would be:
`{:("Sonu's Capital A/c",Dr.,150,),("Himesh's Capital A/c",Dr.,100,),("To Nusrat's Capital A/c",,,250),("(Adjustment for omission of interest on drawings)",,,):}`