P and Q sharing profits in the ratio of 2 1 have fixed capitals of rs90 000 and rs60 000 respectivel...........

P and Q sharing profits in the ratio of 2 : 1 have fixed capitals of rs90,000 and rs60,000 respectively. After closing the accounts for the year ending 31st March 2019 it was discovered that interest on capitals was provided @ 6% instead of 8% p.a. In the adjusting entry :

P will be credited by rs1,800 and Q will be credited by rs1,200;

P will be debited by rs200 and Q will be credited by rs200;

P will be credited by rs200 and Q will be debited by rs200;

P will be debited by rs1,800 and Q will be debited by rs1,200;

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