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.