Question

A and B are partners sharing profits in the ratio of 3 : 2 with their capitals as 4,00,000 and
3,00,000 respectively. Interest on capital is allowed at 5% p.a. B is allowed an annual salary of
30,000 which has not been withdrawn. During 2019, the profits prior to calculation of interest
on capital but after charging B's salary amounted to 1.20,000. A provision of 5% of profit is to
be made in respect of commission to manager.
Show the distribution of profit of the firm.​

Answer 1

Answer:

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