Instant answer within few minutes please don't waste my turn 46. X, Y and Z were partners in a firm. On 1st April, 2012 their capitals stood at 36,00,000, 34,00,000 and 32,00,000 respectively. As per provisions of the partnership deed : (i) Y was entitled for commission of 12,000 p.a. (ii) X was entitled for a salary of 1,200 per month. (iii) Partners were entitled to interest on Capital @ 8% p.a. (iv) Profits were to be shared in the ratio of Capitals. Net profit for the year ended 31.03.2013 was 4,22,400 which was distributed equally, without taking into consideration the above provisions. Showing your workings clearly, pass necessary adjustment entry for the above