P Q and R arc equal partners with fixed capitals of rs5 00 000 rs4 00 000 and rs3 00 000 respectivel...........

P, Q and R arc equal partners with fixed capitals of rs5,00,000, rs4,00,000 and rs3,00,000 respectively. After closing the accounts for the year ending 31st March 2019 it was discovered that interest on capitals was provided @ 7% instead of 9% p.a. In the adjusting entry :

P will be credited by rs2,000 and Q will be debited by rs2,000.

P will be debited by rs2,000 and Q will be credited by rs2,000.

P will be debited by rs2,000 and R will be credited by rs2,000.

P will be credited by rs2,000 and R will be debited by rs2,000.

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