A B and C are in partnership sharing profits and losses in the ratio of 3:2:1. On 1^st Jan 2019, their capital balances are: A 30,000 B 20,000 C 10,000

The terms of partnership provides that

a. All partners are eligible for interest on capital @6%

b. All partners are liable to pay interest on drawings @ 4%

c. All Partners are eligible for salary @ RO 200 per month

The net profit for the year ended 31^st Dec 2019 before making the above terms was 18,000. The drawings of the partners were: A 3,000 B 2,000 C 1,000

You are requested to prepare

I. Profit and Loss Appropriations Account

Capital accounts of three partners under fluctuating capital method