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+2 votes
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in Accounts by (25 points)
Jayant, Vijyant and Yashwant shared the profit of \( ₹ 6,00,000 \) in the ratio of \( 2: 2: 1 \) without providing for interest on Vijyant's Loan. Vijyant had given a loan of \( ₹ 4,00,000 \) in the beginning of accounting year. The Partnership Deed is silent on interest on loan and the profit-sharing ratio. Give necessary adjustment entry.

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