Rajesh and Anu were partners in a firm sharing profits and losses in the ratio of $\displaystyle 1$:2. Their fixed capitals were ₹ $\displaystyle 6,00,000$ and ₹ $\displaystyle 3,00,000$ respectively. After the accounts for the year were prepared, it was noticed that interest on capital @ $\displaystyle 1$'2.% p.a., as provided in the partnership deed, was not credited to the capital accounts of partners before distribution of profits. Pass the necessary adjusting journal entry. Show your workings clearly.

Books of Rajesh and Anu Journal L.F Debit Credit Date Par'culars Amount Amount (₹) (₹) Anu’s Current A/c Dr $\displaystyle 36,000$ To Rajesh’s Current A/c $\displaystyle 36,000$ (Adjustment for omission of Interest on Capital) Working Notes:- Adjustment Table Par-culars Rajesh Anu Dr(₹) Cr(₹) Dr(₹) Cr(₹) Interest on Capital to $\displaystyle 72,000$ $\displaystyle 36,000$ be credited Loss to be debited in $\displaystyle 36,000$ $\displaystyle 72,000$ the ra-o of $\displaystyle 1$:$\displaystyle 2$ Net Effect $\displaystyle 36,000$ $\displaystyle 36,000$