Journal Entry for Deficiency Borne by Maanika and Bhavi
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As the firm incurred a loss of 22,00,000 and Komal is guaranteed a minimum profit of 2,00,000, the remaining loss of 20,00,000 will be borne by the partners in their profit-sharing ratio. The journal entry for the same will be:

Loss Account Dr. 20,00,000
To Maanika's Capital Account 12,00,000
To Bhavi's Capital Account 8,00,000

Profit and Loss Appropriation Account
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The Profit and Loss Appropriation Account is a statement that shows how the net profit or loss of the firm is distributed among the partners. In this case, as the firm incurred a loss, the account will be a Loss Appropriation Account.

The Profit and Loss Appropriation Account for the year ended 31st March, 2018 will be as follows:

Particulars Amount (Rs.)
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Net Loss 22,00,000
Less: Guaranteed Profit to Komal 2,00,000
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Total Loss to be Appropriated 20,00,000
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Distribution of Loss:
Maanika (6/11th) 10,90,909
Bhavi (4/11th) 7,27,273
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Total 20,18,182
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Explanation
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- The partners have a profit-sharing ratio of 6:4:1, which means that Maanika is entitled to 6/11th of the profit, Bhavi is entitled to 4/11th of the profit and Komal is entitled to 1/11th of the profit.
- Komal is guaranteed a minimum profit of 2,00,000. This means that even if the firm incurs a loss, Komal will be entitled to a profit of 2,00,000.
- As the firm incurred a loss of 22,00,000, the remaining loss of 20,00,000 will be borne by the partners in their profit-sharing ratio. Maanika will bear 6/11th of the loss and Bhavi will bear 4/11th of the loss.
- The journal entry for the same will be passed by debiting the Loss Account and crediting the Capital Accounts of Maanika and Bhavi.
- The Profit and Loss Appropriation Account shows how the net loss of the firm is distributed among the partners. In this case, the net loss of 22,00,000 is reduced by the guaranteed profit of 2,00,000 to arrive at a total loss of 20,00,000. This loss is then distributed among the partners in their profit-sharing ratio.
- The Profit and Loss Appropriation Account shows that Maanika will bear a loss of 10,90,909 and Bhavi will bear a loss of 7,27,273. The total loss borne by the partners is 20,18,182.

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