Amar and Bimal entered into partnership on 1st April, 2018 contributing Rs 1,50,000 and Rs 2,50,000 respectively towards capital. The Partnership Deed provided for interest on capital @ 10% p.a. It also provided that Capital Accounts shall be maintained following Fixed Capital Accounts method. The firm earned net profit of Rs 1,00,000 for the year ended 31st March 2019.

Pass the Journal entry for interest on capital.    (5 MARKS)