Asha, Nisha and Hit en were partners in a firm sharing profits and losses in the ratio of2 : $\displaystyle 2$ : 1. Their fixed capitals were ₹ $\displaystyle 2,00,000$, ₹ $\displaystyle 1,50,000$ and ₹ $\displaystyle 1,00,000$ respectively. The partnership deed provided for interest on capital @ $\displaystyle 10$% p.a. For the year ended 31st March, $\displaystyle 2023$, profits of the firm were distributed without providing interest on capital. Pass the necessary adjusting Journal entry to rectify the error.

Books of Asha, Nisha and Hiten Journal Date Particulars LF Dr. Cr. Amount Amount (₹) (₹) Nisha’s Current A/c Dr. $\displaystyle 3,000$ To Asha’s Current A/c $\displaystyle 2,000$ To Hiten’s Current A/c $\displaystyle 1,000$ (Interest on capital omitted, now rectified) Working Notes: Table showing adjustment Partners Dr. Interest on Cr. Profits Net Effect Capital Dr. Cr. @$\displaystyle 10$% (₹) (₹) (₹) (₹) Asha $\displaystyle 20,000$ $\displaystyle 18,000$ - $\displaystyle 2,000$ Nisha $\displaystyle 15,000$ $\displaystyle 18,000$ $\displaystyle 3,000$ - Hiten $\displaystyle 10,000$ $\displaystyle 9,000$ - $\displaystyle 1,000$ $\displaystyle 45,000$ $\displaystyle 45,000$ $\displaystyle 3,000$ $\displaystyle 3,000$