Viraf, Virat and Vaibhav were partners with capitals of Rs 2,30,000, Rs 1,20,000and Rs.2,40,000. After distributing the profit of 5,20,000 for the year ended 31st March 2023 in their agreed ratio of 3:2:1 it was observed that
Interest on capital was provided at 14% p.a. instead of 10% p.a.
You are required to pass adjustment entry.
