17. Atul and Mithun are partners sharing profits in the ratio of 3:2. 

Balances as on 1st April, 2024 were as follows:

Loan Accounts: Atul: ₹3,00,000 (Cr.) and Mithun: ₹2,00,000 (Dr.): 

Capital Accounts (Fixed): Atul: ₹5,00,000 and Mithun: ₹6,00,000. 

It was agreed to allow and charge interest @8 % p.a. on loans taken and given. Partnership Deed provided to allow interest on capital @10% p.a. Interest on Drawings was charged ₹5,000 each. 

Proft before giving effect to above was ₹2,28,000 for the year ended 31st March, 2025. 

Prepare Profit & Loss Appropriation Account.