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A and B sharing profits in the ratio of ...

A and B sharing profits in the ratio of 7 : 3 have 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 was provided @12% instead of 10% p.a. In the adjusting entry :

A

Rs.600 (Debit)

B

Rs.400 (Credit)

C

Rs.400 (Debit)

D

Rs.600 (Credit)

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