89. Ankur, Bhavna and Disha are partners in a firm on 1st April, 2024, the balances in their Capital Account stood at ₹14,00,000, ₹6,00,000 and ₹4,00,000 respectively. They shared profits in the proportion of 7:3:2 respectively. Partners are entitled to interest on capital @ 6% per annum and salary to Bhavna @ ₹50,000 pa. and a commission of ₹3,000 per month to Disha as per the provisions of the Partnership Deed

Bhavana’s share of profit (excluding interest on capital) is guaranteed at not less than ₹1,70,n p.a.  Disha’s share of profit including interest on capital but excluding commission is guaranteed at not less than ₹1,50,000 p.a. Any deficiency arising on that account shall be met by Ankur. Profit of the firm for the year ended 31st March, 2025 amounted to ₹9,50,000

Prepare Profit and Loss Appropriation Account for the year ended 31st March, 2025

(AI 2013, Modified)