Amit, Binita and Charu are three partners. On 1st April, 2018, their Capitals stood as: Amit rs 1,00,000, Binita rs 2,00,000 and Charu rs 3,00,000. It was decided that:

(a) they would receive interest on Capital @ 5% p.a.,

(b) Amit would get a salary of rs 10,000 per month,

(c) Binita would receive commission @ 5% of net profit after deduction of commission, and                     (5 marks)

(d) 10% of the net profit would be transferred to the General Reserve.

Before the above items were taken into account, the profit for the year ended 31st March, 2019 was rs 5,00,000.

Prepare Profit and Loss Appropriation Account and the Capital Accounts of the partners.