**Journal Entries:**

1. To record the capital contribution of Vaibhav and Vaishali:
- Vaibhav's Capital A/C Dr. = Rs 200,000
- Vaishali's Capital A/C Dr. = Rs 100,000
- To Cash/Bank A/C (Being the capital introduced by partners)

2. To record the interest on capital for the year:
- Interest on Capital A/C Dr. = [(200,000 * 6%) + (100,000 * 6%)] = Rs 18,000
- To Vaibhav's Capital A/C
- To Vaishali's Capital A/C (Being the interest on capital for the year)

3. To close the net profit to the partners' capital accounts:
- Profit and Loss A/C Dr. = Rs 12,000
- To Vaibhav's Capital A/C
- To Vaishali's Capital A/C (Being the distribution of profit to partners)

**Profit and Loss Appropriation Account:**

Particulars | Amount (Rs) | Particulars | Amount (Rs)
----------------------|---------------|------------------------|---------------
Net Profit (b/f) | 12,000 | Vaibhav's Capital | 210,000
Interest on Capital | 18,000 | Vaishali's Capital | 110,000
| | |
Total | 30,000 | Total | 320,000

**Explanation:**

- The partnership between Vaibhav and Vaishali is based on a profit-sharing ratio of 3:2.
- Vaibhav has contributed Rs 200,000 as his capital, while Vaishali has contributed Rs 100,000.
- According to the partnership deed, both partners are entitled to receive interest on their capital at a rate of 6% per annum.
- The firm has earned a net profit of Rs 12,000 for the year.

**Journal Entries:**

1. The first journal entry records the capital contribution of Vaibhav and Vaishali. It debits Vaibhav's Capital Account with Rs 200,000 and Vaishali's Capital Account with Rs 100,000. The corresponding credit entry is made to the Cash/Bank Account to reflect the capital introduced by the partners.

2. The second journal entry is made to record the interest on capital for the year. The Interest on Capital Account is debited with the calculated interest amount of Rs 18,000. The corresponding credit entries are made to Vaibhav's Capital Account and Vaishali's Capital Account.

3. The third journal entry closes the net profit to the partners' capital accounts. The Profit and Loss Account is debited with Rs 12,000 (the net profit earned). The corresponding credit entries are made to Vaibhav's Capital Account and Vaishali's Capital Account to distribute the profit to the partners.

**Profit and Loss Appropriation Account:**

The Profit and Loss Appropriation Account summarizes the distribution of profit among the partners. It starts with the net profit brought forward from the previous year (Rs 12,000) and adds the interest on capital (Rs 18,000). The total profit available for appropriation is Rs