1.

A, 'B' and 'C' are partners in a firm sharing profits and losses in theratio of 4 : 3:3 and their fixed capital were 1,00,000, 2,00,000 and3,00,000 respectively. After the accounts of partnership have beendrawn up and the books closed off, it is discovered that interest hasbeen credited to the partners upon their capitals at 5% per annumalthough, no provision for interest is made in the partnershipagreement. Made adjustment entry.​

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