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2. Abdulla, Saleh and Fatema set up a partnership firm on January 1, 2019. They contributed BD 100,000, 80,000 and 60,000, respectively as their capitals

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2. Abdulla, Saleh and Fatema set up a partnership firm on January 1, 2019. They contributed BD 100,000, 80,000 and 60,000, respectively as their capitals and agreed to share profits & losses in ratio of 3: 2:1. Abdulla is to be paid a salary of BD 2,000 per month and Saleh, a Commission of BD 10,000. It is also provided that interest to be allowed on capital at 6% p.a. The drawings for the year were Abdulla 12,000, Saleh 8,000 and Fatema 4,000. Interest on drawings of BD 540 was charged on Abdulla's drawings, BD 360 on Saleh's drawings and BD 180, on Fatema's drawings. The net profit as per Profit and Loss Account for the year ending December 31, 2019 was BD 71,320. According to this case, the Profit and Loss Appropriation Account will be prepared. Please answer the following questions by looking to the case information which is related with this Profit and Loss Appropriation Account. (5 Points) Write all items (particulars) and calculate their amounts, which are in the credit side of the Profit and Loss Appropriation Account. Prepare your answer according to the example exactly, which you can see below. Example: The Profit and Loss Appropriation Account Credit Side Net Profit Abdulla Interest on Drawings Saleh Interest on Drawings Fatema Interest on Drawings Total Credit Side

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