48. A and B are partners sharing profits and losses in the ratio of 3:1. On 1st April, 2024 their capital were A ₹5,00,000 and B ₹3,00,000. During the year ended 31st March, 2025, the firm earned net profit of ₹5,00,000. The terms of partnership are:

(a) interest on capital is to be allowed @ 6% pa.

(b) A will get a commission @ 2% on net sales.

(c) B will get a salary of ₹5,000 per month.

(d) B will get commission of 5% on profits after deduction of all expenses including such commission 

Partners’ drawings for the year were: A ₹80,000 and B ₹60,000. Net Sales for the year was ₹30,00,000. 

After considering the above facts, you are required to prepare Profit & Loss Appropriation Account and Partners’ Capital Accounts.