Biologists explain the higher species richness in tropical regions through the following reasons:
- Stable Climate: Tropical regions have a stable climate over long periods, which supports the survival and evolution of diverse species.
- Higher Solar Energy: These regions receive abundant solar energy, increasing productivity and resource availability, which supports a higher number of species.
- Absence of Severe Climatic Changes: Unlike temperate regions, tropical areas experience minimal climatic disruptions, allowing uninterrupted species evolution.
Answer the following questions:
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.