62. Ram, Mohan and Sohan were partners sharing profits in the ratio of 2:1:1. Ram withdrew ₹3,000 every month and Mohan withdrew ₹4,000 every month. Interest on drawings @ 6% p.a. was charged, whereas the partnership deed was silent about interest on drawings.

Showing your working clearly, pass the necessary adjustment entry to rectify the error.

(CBSE 2020)

 

Answer :

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