P and Q were partners in a firm sharing profits and losses equally Their fixed capitals were 2 00 00......

P and Q were partners in a firm sharing profits and losses equally. Their fixed capitals were 2,00,000 and  3,00,000 respectively. The Partnership Deed provided for interest on capital @ 12% per annum. For the year ended 31st March, 2016, the profits of the firm were distributed without providing interest on capital.

Pass necessary adjustment entry to rectify the error.

By: Aman