X 7and Z are equal partners with fixed capitals of rs5 00 000 rs3 00 000 and rs1 00 000 respectively...........

X, 7and Z are equal partners with fixed capitals of rs5,00,000, rs3,00,000 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 @ 6% instead of 5% p.a. In the adjusting entry :

Dr. X and Cr. Z by rs2,000

Cr. X and Dr. Z by rs2,000

Dr. X and Cr. Y by rs2,000

Cr. X and Dr. Y by rs2,000

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