20, D, E and F were partners in a firm sharing profits in the ratio of 5 1 7 18. Their fixed capitals were D
85,00,000; E 7,00,000 and F 8,00,000. Their Partnership Deed provided for the following
( Interest on capital @ 10% p.a.
(11) Salary of 10,000 per month of F.
(ili) Interest on drawing @ 12% p.a.
D withdrew 40,000 on 31st January, 2009; E withdrew * 50,000 on 31st March, 2009 and F withdrew
30,000 on 31st December, 2009,
During the year ended 31st December, 2009 the firm earned a profit of 3,50,000,
Prepare Profit and Loss Appropriation Account for the year ended 31st December, 2009.
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