On 31st March, 2014, the balances in the Capital Accounts of Saroj, Mahinder and Umar after making adjustments for profits and drawings, etc., were Rs 80,000, Rs 60,000, Rs 40,000 respectively. Subsequently, it was discovered that the interest on capital and drawings has been omitted.

(a) The profit for the year ended 31st March, 2014 was Rs 80,000.

(b) During the year Saroj and Mahinder each withdrew a sum of Rs 24,000 in equal instalments in the end of each month and Umar withdrew Rs 36,000.          (5 marks)

(c) The interest on drawings was to be charged @ 5% p.a. and interest on capital was to be allowed @ 10% p.a.

(d) The profit-sharing ratio among partners was 4 : 3 : 1.

Showing your workings clearly, pass the necessary rectifying entry.