The decline of the Vijayanagara Empire, one of South India’s greatest medieval empires, was the result of a combination of internal weaknesses and external challenges.
The decisive blow came with the defeat of the Vijayanagara forces at the hands of the combined Deccan Sultanates in the Battle of Talikota. This led to the destruction and plunder of Hampi, the capital city.
After the battle, the empire lacked strong leadership. The central administration weakened, and provinces began to assert autonomy, leading to fragmentation.
There were repeated internal conflicts among nobles and feudatories. The Amaranayakas, who were military chiefs, often became too powerful and independent, undermining royal authority.
The prolonged wars and loss of fertile regions reduced agricultural revenue. Trade routes also suffered disruption after Hampi’s destruction.
Thus, the fall of the Vijayanagara Empire was due to a combination of military defeat, weak governance, internal strife, and economic decline.
Aakash and Baadal entered into partnership on 1st October 2023 with capitals of Rs 80,00,000 and Rs 60,00,000 respectively. They decided to share profits and losses equally. Partners were entitled to interest on capital @ 10 per annum as per the provisions of the partnership deed. Baadal is given a guarantee that his share of profit, after charging interest on capital, will not be less than Rs 7,00,000 per annum. Any deficiency arising on that account shall be met by Aakash. The profit of the firm for the year ended 31st March 2024 amounted to Rs 13,00,000.
Prepare Profit and Loss Appropriation Account for the year ended 31st March 2024.