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Don't answer if you don't know and within 10 minutes 35. Arun and Arora were partners in a firm sharing profits in the ratio of 5 : 3. Their fixed capitals on 1.4.2010 were : Arun 60,000 and Arora 780,000. They agreed to allow interest on capital @ 12% per annum and to charge on drawings @15% per annum. The profit of the firm for the year ended 31.3.2011 before all above adjustments were 12,600. The drawings made by Arun were $2,000 and by Arora 4,000 during the year. Prepare Profit and Loss Appropriation Account of Arun and rora. Show your calculations clearly. The interest on capital will be allowed even if he firm incurs a loss