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P and S started a partnership firm on 1st January 2016 with a capital of 1000 and 10000 respectively. On 1st march 2016 P introduce additional capital of Rs. 4000 and S withdraw Rs. 3000 . C entered the firm on 1st July, 2016 with a capital of Rs. 15000. On that day P and S introduce additional capital Rs. 6000 and Rs. 5000 respectively. profit and loss are distributed on capitol ratio.the profits of the year 2016 were Rs. 29800. prepare profit and loss appropriation a/c by giving detailed calculation.
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