13 :- Parul, Paresh, and Rahul are partners in a firm. The firm gave a loan to Rahul on 1st February, 2025 of Rs 6,00,000. Interest was agreed to be levied @ 6% p.a. Interest was paid by cheque up to February, 2025 by Rahul on 5th March, 2025 and the balance was yet to be paid by him on 5th April, 2025.
Pass the necessary journal entries for interest on loan to partner.
Solution :-
