24. Ashish and Aakash are partners sharing profits in the ratio of 3 :2. Their Capital Accounts had credit balance of ₹5,00,000 and ₹6,00,000 respectively as on 3ist March, 2025 after debit of drawings during the year of ₹1,50,000 and ₹1,00,000 respectively. Net profit for the year ended 31st March, 2025 was ₹5,00,000.

Interest on capital is to be allowed o 10% pa.

Pass the Journal entry for allowing interest on capital and prepare Profit & Loss Appropriation Account