58 :- Atul and Gita are partners in a firm sharing profits and losses in the ratio of 3:2. Their fixed capitals were Rs 4,00,000 and Rs 2,00,000 respectively. After the accounts for the year prepared, it was noticed that interest on capital @6% p.a. as provided in the partnership deed, was not credited to the capital accounts of partners before distribution of profits.
Pass the necessary adjusting journal entry. Show your workings clearly.
Solution :-
