Read the hypothetical text and answer the following questions.Mohan and Sohan are equal partner Their capitals as on 1St April,2020 are 1,00,000 and 2,00,000 respectively. Profits for the year 2020-21 were ₹ 90,000. As per the agreement, interest on capitals was ₹ 10,000 and ₹ 20,000 respectively and interest on drawings was ₹ 6,000 and ₹ 10,000 respectively. Mohan’s salary was ₹ 2,000 p.m. and Sohan’s salary was ₹ 5,000 p.a.Accountant, however, committed the mistake and credited the profit in the capital ratio,Without interest on capitals, drawings and salary.Q1. With what amount was Sohan’s account credited with initially?a) ₹ 30,000 b) ₹ 45,000 c) ₹ 60,000 d) 90,000 Q2. What was the total salary required to be credited? a) ₹ 70,000 b) ₹ 84,000 c) ₹ 29,000 d) 48,000 Q3. What was the rate of interest on capital? a) 5% b) 10% c) 15% d) 20% Q4. What was the amount of past adjustment entry? a) ₹ 20,500 b) ₹ 21,500 c) ₹23,500 d) ₹ 22,500