Explanation:

- X and Y are partners sharing profits and losses in the ratio of 3:2.

- Their capitals are Rs 2,00,000 for X and Rs 1,00,000 for Y.

- Interest on capital is allowed at 8% per annum.

- However, the firm incurred a loss of Rs 60,000 for the year ending 31st March 2019.

- In the case of a loss, interest on capital is typically not provided unless agreed otherwise in the partnership deed.

- Options given are:

- X 16,000; Y 8,000

- A 8,000; Y 4,000

- X 14,400; Y 9,600

- No Interest will be allowed

- Option 4: No Interest will be allowed is correct under these circumstances.