19. Bhanu and Partap are partners sharing profits equally. Their fixed capitals as on 1st April, 2024 were ₹8,00,000 and ₹10,00,000 respectively. Their drawings during the year were ₹50,000 and ₹1,00,000 respectively. Interest on Capital is to be allowed @ 10% p.a. whether the firm earns profit or incurs loss.

Interest on drawings is to be charged @ 15% p.a. Net Profit for the year ended 31st March, 2025 before giving effect to the above was ₹1,20,000.

Prepare Profit & Loss Appropriation Account.