Q. On 31st March, 2018, Capital Accounts of E,M and A after making adjustments for profits, drawings, etc., were as E−Rs.8,00,000;M−Rs.6,00,000 and A−Rs.4,00,000. Subsequently, it was found that interest on capital and interest on drawings had been omitted. The partners were entitled to interest on capital @ 5% p.a. Drawings during the year were: E−Rs.2,00,000;M−Rs.1,50,000 and A−Rs.90,000. Interest on drawings chargeable to the partners were: E−Rs.5,000;M−Rs.3,600 and A−Rs.2,000. The net profit during the year amounted to Rs.12,00,000. The profit-sharing ratio of the partners was 3:2:1.
Pass necessary adjustment entry for rectifying the above errors of omission. Show your workings.