Capitals of A B and C as nbsp on 31st March 2019 amounted to nbsp 90 000 nbsp 3 30 000 and nbsp nbsp......

Capitals of A, B and C as  on 31st March, 2019 amounted to  90,000,  3,30,000 and   6,60,000 respectively. Profit of   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 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.

By: Aman