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Mannu and Shristi are partners in a firm sharing profits in the ratio of 3:2. Following information is of the firm as on 31st March, 2020:

Mannu's Capital : ₹ 3,00,000

Shristi's Capital : ₹ 1,00,000

Mannu's Drawings : ₹ 40,000

Shristi's Drawings : ₹ 20,000

Other Assets : ₹ 3,40,000

Profile for the year ended was ₹ 50,000 which was divided in the agreed ratio, but interest @ 5% p.a. on capital and @6% on drawings was inadvertently omitted. Adjust interest on drawings on an average basis for 6 months. Give the adjustment entry

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Drawings are already included in the capital. Interest on drawings is calculated for 6  months.

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