P and Q entered into partnership on $1$st April $2017$ and contributed $1,00,000$ each through funds as fixed capital and also contributed $1,00,000$ worth of vehicle and $50,000$ of computer respectively. On $1$st October $2017,$ P provided $50,000$ as loan to the firm. As per the provisions of the partnership Deed:

$($i$)20\%$ of Profits before charging interest on Drawings but after making appropriations to be transferred to General Reserve.

$($ii$)$ Interest on capital at $12\%$ p$.$a$.$ and Interest on Drawings @ $10\%$ p$.$a$.$

$($iii$)$ P to ger monthly salary of $5,000$ and Q to get salary of $22,500$ per quarter.

$($iv$)$ P is entitled to a commission of $5\%$ on sales. Sales for the year were $3,50,000.$

$($v$)$ Profit and Loss to be shared in the ratio of their total capital contribution $($fixed additional fluctuating introduced$)$ up to $1,75,000$ and above $1,75,000$ equally.

The profit for the year ended $31$st March $2018$ before providing for any interest was $4,61,000.$ The drawings of P and Q were $1,00,000$ and $1,25,000$ respectively.

Prepare Profit and Loss Appropriation Account

Partners' Capital and current Accounts