Pahit and Sabil started business on 1st April, 2017 with capitals of 8,00,000 athe firm. The terms of partnership agreement are as follows:ournal entries to rectify the errors.of to10% of Profits before charging Interest on Drawings but after making appropriationsto be transferred to General Reserve.(6) Laterest on Capital @ 6% p.a. and Interest on Drawings @ 5% p.a.Robit to get a monthly salary of 10,000 and Sahil to get salary of 45,000 per quarteC) Rohit is entitled to a commission of 1% on Sales. Sales for the year were*35,00,000(e) Profits and Losses to be shared in the ratio of their capital contribution up*3,50,000 and balance equally.Profit for the year ended 31st March, 2018, before providing for any Interest was9,22,000. Drawings of Rohit and Sahil were * 4,00,000 and 5,00,000 respectively,Prepare Profit and Loss Appropriation Account for the year ended 31st March, 201814​