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P and Q sharing profits in the ratio of ...

P and Q sharing profits in the ratio of 2 : 1 have fixed capitals of Rs.90,000 and Rs.60,000 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 :

A

P will be credited by Rs.1,800 and Q will be credited by Rs.1,200,

B

P will be debited by Rs.200 and Q will be credited by Rs.200,

C

P will be credited by Rs.200 and Q will be debited by Rs.200,

D

P will be debited by Rs.1,800 and Q will be debited by Rs.1,200,

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