Question No 61 of TS Grewal (CBSE)
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, Interest on capital was credited to their accounts @ 8% p.a. instead of 5% p.a. Pass necessary adjusting Journal entry. Show your workings clearly.
Solution No 61 of TS Grewal (CBSE)