Partnership entry query

mohd irfan (acct.) (82 Points)

16 November 2017  

I need to now entry for partnership interest on capital given.

I have given Rs. 9000 to Partner A and Rs 4500 to Partner B via Bank transfer and i have pass the below entry i tally

By Interest on captial a/c 4500 

To Partner B                                4500

and

By Interest on Capital a/c    9000

To Partner A                                   9000

(Interest on capital under Indirect Expenses)

And Payment entry in Payment voucher as 

Bank  9000

To Interest on capital 9000

and same for 4500 as my p&l a/c shows 27000 in place of 13500

kindly provide correct entry.