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Q14. A, B and C were partners. They started business in one of the remote tribal areas of Odisha. They were interested in the development of the tribal community by providing good education and health on 31t March, 2013 ater making adjustments for profits and drawings, their capitals were A 4,00,009 B 3,00,000 and C 2,00,000. The drawings of the partners were A 4,000 per month, B 3,000 per month and C 2,000 per month. The profit of the firm for the year ended 31st March 2013 was? 6,00,000. Subsequently it was found that the interest on capital @ 6% p.a, due had been omitted. Showing your working notes clearly, pass necessary adjustment entry for the above. Also identify any two values highlighted in the above questions. 6

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