15. X, Y and Z are partners in a firm sharing profits in the ratio of 2:2:1. Fixed capitals of the partners were X: ₹5,00,000; Y: ₹5,00,000 and Z: ₹2,50,000 respectively. The Partnership Deed provides that interest on capital is to be allowed @10% p.a. Z is to be allowed salary of ₹20,000 per month. Profit of the firm for the year ended 31st March, 2025 after Z’s salary was ₹4,00,000.

Prepare Profit & Loss Appropriation Account.