question_answer

P and Q are partners sharing Profits in the ratio of 2:1 with fixed capitals of Rs.10,00,000 and Rs.5,00,000 respectively. After closing the accounts for the year ending 31st March 2022 it was discovered that interest on Drawings was Charged from P is Rs.600 but partnership deed is silent on interest on Drawings. In the adjusting entry, Q's Current Account will be:

A) Credited with 200

B) Debited with 200

C) Neither debited nor credited because there is no

D) Credited with 400 interest on drawings of Q