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[" 61.Ram,Shyam and Mohan were partners ...

[" 61.Ram,Shyam and Mohan were partners in a firm sharing profits and losses in the ratio of "2:1:2" .Their copite "],[" were fixed at "₹3,00,000,₹1,00,000,₹2,00,000" .For the year ended "31" st March,"2020," interest on capitly "],[" credited to them "@9%" instead of "10%" p.a.The proft for the year before charging interest was "₹2,5000" ."],[" Show your working notes and pass necessary adjustment entry."]

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A, B and C sharing profits in the ratio of 2 : 2 : 1 have fixed capitals of Rs.3,00,000, Rs.2,00,000 and Rs.1,00,000 respectively. After closing the accounts for the year ending 31st March, 2019 it was discovered that interest on capitals was provided @12% instead of 10% p.a. In the adjusting entry :

P, Q and R sharing profits in the ratio of 2 : 1 : 1 have fixed capitals of Rs.4,00,000, Rs.3,00,000 and Rs.2,00,000 respectively. After closing the accounts for the year ending 31st March, 2019 it was discovered that interest on capitals was provided @6% instead of 8% p.a. In the adjusting entry :

A and B sharing profits in the ratio of 7 : 3 have fixed capitals of Rs.2,00,000 and Rs.1,00,000 respectively. After closing the accounts for the year ending 31st March, 2019 it was discovered that interest on capitals was provided @12% instead of 10% p.a. In the adjusting entry :

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