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Anu and Tanu are equal partners with fix...

Anu and Tanu are equal partners with fixed capitals of Rs.2,00,000 and Rs.1,00,000 respectively. After closing the accounts for the year ending 31st March, 2019 it was discovered that interest on capitals @8% p.a. was omitted to be provided. In the adjusting entry :

A

Anu will be credited by Rs.16,000 and Tanu will be credited by Rs.8,000

B

Anu will be debited by Rs.16,000 and Tanu will be debited by Rs.8,000

C

Anu will be credited by Rs.4,000 and Tau will be debited by Rs.4,000

D

Anu will be debited by Rs.4,000 and Tanu will be credited by Rs.4,000

Text Solution

Verified by Experts

The correct Answer is:
C
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