P Q and R sharing profits in the ratio of 2 1 1 have fixed capitals of f4 00 000 rs3 00 000 and rs2 ...........

P, Q, and R sharing profits in the ratio of 2 : 1 : 1 have fixed capitals of f4,00,000, rs3,00,000 and rs2,00,000 respectively. After closing the accounts for the year ending 31st March 2019 it was discovered that interest on capitals was provided @ 6% instead of 8% p.a. In the adjusting entry :

Cr. P rs1,000; Dr. Q rs1,500 and Cr. R rs500

Dr. P rs500; Cr. Q rs1,500 and Dr. R rs1,000

Cr. P rs500; Dr. Q rs1,500 and Cr. R rs1,000

Dr. P rs1,000; Cr. Q rs1,500 and Dr. R rs500

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