Don't answer if you don't know and within 10 minutes 54. On March 31, 2014 the capital accounts of Elvin, Monu and Ahmed after making adjustments for profits, drawings, etc. were as, Elvin 80,000; Monu 360,000; and Ahmed 340,000. Subsequently, it was discovered that interest on capital and interest on drawings had been omitted. The partners were entitled to interest on capital @ 5% p.a. The drawings during the year were : Elvin- 320,000; Monu 15,000; and Ahmed 9,000. Interest on drawings chargeable to the partners was Elvin *500; Monu 360 and Ahmed 200. The net profit for the year ended 31st March, 2014 amounted to 1,20,000. The profit sharing ratio of the partners was 3:2:1. Record the necessary adjustment entry for rectifying the above errors of omission. Show your workings