Account and Partners Capital Accounts.€19 - X, Y and Z are in partnership with capital of Rs. 1,20,000 (credit), Rs. 1,00,000 (credit) and Rs.8,000 (Debit) respectively on 15 April, 2017. Their partnership deed provides for the following:i) 7.5% of Net Profit to be transferred to General Reserve.ii)Partners are to be only allowed interest on capital @ 5% p.a. and are to be chargedinterest on drawing @ 6% p.a.iii) Z is entitled to a salary of Rs. 7,000.iv)X is entitled to a remuneration of 10% of the net profit before making any appropriation.v) Y is also entitled to a commission of 8% of the net profit before charging Interest onDrawing but after making all appropriations.During the year, X withdrew Rs. 1,000 at the beginning of every month, Y Rs. 1,000 during themiddle of every month and Z Rs. 1,000 at the end of every month. On 1st October 2017, Zgranted a loan of Rs. 6,00,000.The Manager is entitled to a salary of Rs. 1,000 p.m. and a commission of 10% of net profitsafter charging his salary and commission.The net profit of the firm for the year ended on 31s march, 2018 before providing for any of theabove adjustments was Rs. 1,62,000.Prepare Profit and Loss Appropriation Account for the year ended on 31 March 2018.D1​