Read the following information and answer the questions that follow:
Raina and Meena were partners in a firm sharing profits and losses equally. They dissolved their firm on 31st March, 2018.
On this date, the Balance Sheet of the firm, apart from realizable assets and outside liabilities showed the following:
Raina’s Capital 40,000 (Dr.)
Meena’s Capital 20,000 (Dr.)
Profit & Loss Account 10,000 (Dr.)
Raina’s loan to the firm 15,000
Contingency Reserve 7,000
On the date of dissolution of the firm:
(a) Raina’s loan was repaid by the firm along with interest of ₹ 500.
(b) The dissolution expenses of ₹ 1,000 were paid by the firm on behalf of Raina who had to bear these expenses.
(c) An unrecorded asset of ₹ 2,000 was taken over by Meena while Raina discharged an unrecorded liability of ₹ 3,000.
(d) The dissolution resulted in a loss of ₹ 60,000 from the realization of assets and settlement of liabilities.

What will be the amount of Profit and Loss Account to be transferred to the Partner’s Capital Account?

₹ 5,000 each

As they share profit and losses equally so the undistributed loss will be debited to their capital account equally.
Profit & Loss Account 10,000 (Dr.) means loss so partners account will be debited with 10000/2 =  ₹5000 each.