69. Mudit, Sudhir and Uday are partners in a firm sharing profits in the ratio of 3:1:1. Their fixed capital balance are ₹4,00,000, ₹1,60,000 and ₹1,20,000 respectively. Net profit for the year ended 31st March, 2018 distributed amongst the partners was ₹1,00,000, without taking into account the following adjustments 

(a) Interest on capitals @ 2.5% p.a.

(b) Salary to Mudit ₹18,000 p.a. and commission to Uday ₹12,000. 

(c) Mudit was allowed a commission of 6% of divisible profit after charging such commission. 

Pass a rectifying Journal entry in the books of the firm. Show working clearly. 

(CBSE Sample Question Paper 2019)