A, B and C were partners in a firm. On 1st April 2018, the balances in their capital accounts
stood at ` 8,00,000; ` 5,00,000 and ` 4,00,000 respectively. As per the provisions of the
partnership deed, partners were entitled to interest on capital @ 5% p.a., salary to B
` 3,000 per month and a commission of ` 12,000 to C.
The profit for the firm for the year ending 31st March 2019 amounted to ` 2,16,000.
Prepare Profit & Loss Appropriation Account for the firm ending 31st March 2019.
