On 1st April, 2025, Ruby, Emerald & Diamond entered into partnership with capitals of ₹ 60,000, ₹ 50,000 and ₹ 90,000 respectively. Ruby advanced ₹ 10,000 as loan to the partnership firm on 1st October, 2025. The Par

On 1st April, 2025, Ruby, Emerald & Diamond entered into partnership with capitals of ₹ 60,000, ₹ 50,000 and ₹ 90,000 respectively. Ruby advanced ₹ 10,000 as loan to the partnership firm on 1st October, 2025. The Partnership Deed has the following clauses: Interest on capital is to be allowed @ 6% p.a. Interest on drawings is to be charged @ 6% p.a. Each partner withdrew ₹ 6,000 at the end of each quarter commencing from 30th June, 2025. Working partners Emerald and Diamond to get salary of ₹ 600 and ₹ 900 per month respectively. Interest on loan was allowed to Ruby @ 6% p.a. Diamond is to get rent of ₹ 1,500 per month for use of his building by the firm. It is paid to him by cheque at the end of every month. Profits are shared equally among the partners. Profit of the firm for the year ended 31st March, 2026 (before the above adjustments) was ₹ 1,50,000. Prepare Profit and Loss Appropriation Account and Capital Accounts of Partners if capitals are fixed.