Ram and shyam are partners in a firm whose capitals on 1st january 2018 were rs. 25000 and rs. 20000 respectively. they are allowed intrest on capital @ 8% and intrest on drawing is charged @ 12% p.a. ram gave rs. 10000 to the firm as loan on 1st july 2018. shyam is entitled to get an annual salary of rs. 5000. intrest charged on their drawings were rs. 600 and rs. 500 respectively . the profit for the year ended on 31st december 2018 before making above adjustments was rs. 25000. prepare profit and loss appropriation account for the year 2018.
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