Ajay and vijay are partners sharing profits in the ratio in the of 3:2 ajay is non - Working partner and contributes Rs. 20.00.000 as his capital Vijay is a working partner of firm , the partnership Deed provides for interest on capital @ 8% and salary to every working partner @ 8.000 per months profit before providing for interest on capital and partners 's salary for the they year ended 31st March 2019 Was Rs. 80.000 show the distribution of profit.
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Explanation:
if ioc , salary is bigger than net profit than n.p is distributed among partnera through capital ratio of partners .
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