Yadu, Vidu and Radhu were partners in a firm sharing profits in the

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

The partners were entitled to an interest on capital @6% p.a.
Interest on partner’s drawings was to be charged @8% p.a.

The firm earned a profit of Rs 2,53,000 ( after interest on Yadu’s loan) during the year 2018-19. Partner’s drawings for the year amounted to :
Yadu – Rs 80,000, Vidu – Rs 70,000 and Radhu – Rs 50,000
Prepare Profit and loss appropriation account for the year ended 31^st March 2019.

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