Read the hypothetical text and answer the following questions.Arun, Varun and Tarun were partners in a firm sharing profits equally. On 1st April, 2020, their capitals stood at ₹ 2, 00,000, ₹ 1, 50,000 and ₹ 1, 00,000 respectively. As per the provisions of Partnership Deed:1) Arun was entitled to a salary of ₹ 2,500 p.m.2) Partners were entitled to interest on capital @ 10% p.a.The net profit for the year ended 31st March, 2021, ₹ 1,50,000 was distributed among the partners without providing for the above items.Q1.What is the amount of interest on capital of Varun?a) ₹ 20,000b) ₹ 15,000 c) ₹ 10,000 d) ₹ 30,000 Q2. What is the amount of distributable profit for the partners after providing salary and interest on capitals to the partners? a) ₹ 50,000 each b) ₹ 25,000 each c) ₹ 10,000 each d) ₹ 15,000 each Q3. Arun’s Capital A/c will be credited with Rs…………….for giving the adjustment to above omissions. a) ₹ 20,000 b) ₹ 15,000 c) ₹ 25,000 d) ₹ 10,000 Q4. Capital Account/Accounts of …………………… will be debited to give the effect of above adjustments. a) Varun b) Tarun and Arun c) Arun and Varun d) Varun and Tarun