Pony, Sony and Johny were partners in a firm. On 1st April 2020 their capital contributions were ₹80000, ₹55600 and ₹31800.Sony and Johny are entitled to draw salaries of ₹5000 and ₹4000 p.a. respectively before the division of profit. Interest is allowed on capital @ 5%p,a, while it is not charged on drawing. Of the net profit, first ₹30000 is divided in the ratio of 40:35:25 among them and the balance is divided equally
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