50. Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4.3:3. Their fixed capitals on 1st April 2018 were ₹9,00,000, ₹5,00,000 and ₹4,00,000 respectively On 1st November, 2018, Yadu gave loan of ₹80,000 to the firm as per the partnership agreement

(i) The partners were entitled to an interest on capital @ 6% pa

(ii) interest on partners drawings was to be charged @ 8% pa

The firm earned profit of ₹2,53,000 (after interest on Yadu’s Loan) dung the year 2018-19. Partners drawings for the year amounted to Yadu ₹80,000 Vidu ₹70,000 and Radhu ₹50,000

Prepare Proft & Loss Appropriation Account for the year ending 31st March, 2019

(CBSE 2019)