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P, Q and R sharing profits in the ratio ...

P, Q and R sharing profits in the ratio of 2 : 1 : 1 have fixed capitals of Rs.4,00,000, Rs.3,00,000 and Rs.2,00,000 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

Cr.P Rs.1,000, Dr. Q Rs.1,500 and Cr. R Rs.500

B

Dr. P Rs.500, Cr. Q Rs.1,500 and Dr. R Rs.1,000

C

Cr. P Rs.500, Dr. Q Rs.1,500 and Cr. R Rs.1,000

D

Dr. P Rs.1,000, Cr.Q Rs.1,500 and Dr. R Rs.500

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