Ramesh,suresh and tomar are partners in a firm.They have omitted interest on capital@ 10%p.a. for three years ended 31st march,2018.Their fixed capitals on which interest was to be calculated throughout were:
Ramesh ₹100000, Suresh ₹80000, Tomar ₹70000.
Give the necessary adjusting journal entry with working notes.
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Explanation:
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