A and B sharing profits in the ratio of 7 3 have fixed capitals of rs2 00 000 and rs1 00 000 respect...........

A and B sharing profits in the ratio of 7 : 3 have fixed capitals of rs2,00,000 and rs1,00,000 respectively. After closing the accounts for the year ending 31st March 2019 it was discovered that interest on capitals was provided @ 12% instead of 10% p.a. In the adjusting entry :

A will be debited by rs4,000 and B will be debited by rs2,000;

A will be credited by rs4,000 and B will be credited by rs2,000;

A will be debited by rs200 and B will be credited by rs200;

A will be credited by rs200 and B will be debited by rs200;

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