Capitals of A, B and C as on 31st March, 2019 amounted to Rs 90,000, Rs 3,30,000 and Rs 6,60,000 respectively. Profit of Rs 1,80,000 for the year ended 31st March, 2019 was distributed in the ratio of 4 : 1 : 1 after allowing interest on Capital @ 10% p.a. During the year, each partner withdrew Rs 3,60,000. The Partnership Deed was silent as to profit-sharing ratio but provided for interest on capital @ 12%.

Pass the necessary adjustment entry showing the working clearly.       (5 marks)