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 Rs 2,00,000, Rs 1,00,000 and Rs 1,00,000 respectively. For the year ended 31st March, 2025, interest on capital was credited to their accounts @8% p.a. instead of 5% p.a.
Pass necessary adjusting journal entry. Show your working clearly.
Solution:-
