Amit and Vijay started a partnership business on 1st April. Their capital contribution were Rs. 2,00,000 and Rs. 1,50,000 respectively. The Partnership Deed provided as follows:
a) Interest on capital be allowed @10% p.a.
b) Amit to get a salary of Rs. 2,000 per month and Vijay Rs. 3,000 per month.
c) Profits are to be shared in the ratio of 3:2.
Net Profit for the year ended 31st March was Rs. 2,16,000. Interest charged on drawings was Rs. 2,200 for Amit and Rs. 2,500 for Vijay. Prepare Profit & Loss Appropriation Account.