60. Mohan, Suhaan and Adit were partners in a firm sharing profits and losses in the ratio of 3: 2:1. Their fixed capitals were: ₹2,00,000, ₹1,00,000 and ₹1,00,000 respectively. For the year ended 31st March, 2023, interest on capital was credited to their accounts @ 8% p.a. instead of 5% p.a.

Pass necessary adjusting Journal entry. Show your workings clearly.

(CBSE 2024) 

 

Answer :

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