52. Saial and Kajal are partners sharing profits and losses in the ratio of 2 : 1. On 1st April, 2024, their Capitals were: Sajal ₹5,00,000 and Kajal ₹4,00,000.

Prepare Profit & Loss Appropriation Account and the Partners’ Capital Accounts for the year ended 31st March, 2025 from the following information:

1. Interest on Capital is to be allowed @ 5% p.a.
2. Interest on the loan advanced by Kajal for the complete year, the amount of loan being ₹3,00,000.
3. Interest on partners’ drawings @6% p.a. Drawings: Sajal ₹1,00,000 and Kajal ₹80,000.
4. 10% of the divisible profit is to be transferred to General Reserve.

Profit, before giving effect to the above, for the year ended 31st March, 2025 is ₹7,02,600.

Saial and Kajal are partners sharing profits and losses in the ratio of 2 : 1. On 1st April, 2024, their Capitals were: Sajal ₹5,00,000 and Kajal ₹4,00,000.

Prepare Profit & Loss Appropriation Account and the Partners’ Capital Accounts for the year ended 31st March, 2025 from the following information:

1. Interest on Capital is to be allowed @ 5% p.a.
2. Interest on the loan advanced by Kajal for the complete year, the amount of loan being ₹3,00,000.
3. Interest on partners’ drawings @6% p.a. Drawings: Sajal ₹1,00,000 and Kajal ₹80,000.
4. 10% of the divisible profit is to be transferred to General Reserve.

Profit, before giving effect to the above, for the year ended 31st March, 2025 is ₹7,02,600.

 Saial and Kajal are partners sharing profits and losses in the ratio of 2 : 1. On 1st April, 2024, their Capitals were: Sajal ₹5,00,000 and Kajal ₹4,00,000.

Prepare Profit & Loss Appropriation Account and the Partners’ Capital Accounts for the year ended 31st March, 2025 from the following information:

1. Interest on Capital is to be allowed @ 5% p.a.
2. Interest on the loan advanced by Kajal for the complete year, the amount of loan being ₹3,00,000.
3. Interest on partners’ drawings @6% p.a. Drawings: Sajal ₹1,00,000 and Kajal ₹80,000.
4. 10% of the divisible profit is to be transferred to General Reserve.

Profit, before giving effect to the above, for the year ended 31st March, 2025 is ₹7,02,600.