61:- Ram, Shyam and Mohan were partners in a firm sharing profits and losses in the ratio of 2:1:2. Their capitals were fixed at Rs 3,00,000, Rs 1,00,000, Rs 2,00,000. For the year ended 31st March, 2025, interest on capital was credited to them @9% instead of 10% p.a. Profit for the year before charging interest was Rs 2,50,000.
Show your workings notes and pass the necessary adjustment entry.
Solution:-
