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Ajay and Vinod are partners in the ratio of 3:2. Their fixed Capital were ₹3,00,000 and ₹4,00,000 - Bzziii.com

Ajay and Vinod are partners in the ratio of 3:2. Their fixed Capital were ₹3,00,000 and ₹4,00,000 respectively. After the close of accounts for the
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Ajay and Vinod are partners in the ratio of 3:2. Their fixed Capital were ₹3,00,000 and ₹4,00,000 respectively. After the close of accounts for the year it was observed that the Interest on Capital which was agreed to be provided at 5% pa was erroneously provided at 10%p.a. By what amount will Ajay’s account be affected if partners decide to pass an adjustment entry for the same? 

(A) Ajay’s Current A/c will be Debited by ₹15,000. 
(B) Ajay’s Current A/c will be Credited by ₹6,000. 
(C) Ajay’s Current A/c will be Credited by ₹35,000. 
(D) Ajay’s Current A/c will be Debited by ₹20,000.




(B) Ajay’s Current A/c will be Credited by ₹6,000. 







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