73. On 31st March, 2023, the capitals of Raghav and Diya stood at ₹4,00,000 and ₹3,00,000 respectively.

After the necessary adjustment in respect of drawings and net profit. Subsequently, it was discovered that interest on capital @ 10% p.a. had been omitted. The Net Profit the year ended 31st March, 2023 amounted to ₹1,00,000.

During the year ended 31st March, 2023, Raghav’s drawings were ₹2,000 drawn at the beginning of each month, while Diya’s drawings were ₹3,000 drawn at the beginning of each quarter. Pass the necessary adjustment entry.

(CBSE 2024)