X and Y are partners sharing the profits and losses in the ratio of 3 : 2. X being a non-
working partner contributed 5,00,000 as his capital on 1st April, 2011. Y being a working
partner agreed to work for the firm. The partnership deed provides for interest on capital @
8% and salary to every working partner @ 72,000 p.m. On 31st October 2011
Xadvanced 2,00,000 by way of loan to the firm. Net Profit before providing for any interest
and partner's salary for the year 2011-12 was 725,000. Show the distribution of profit.
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Profit is sharing according to ratio
1.multiply total captial by total ratio/ 100
2.Profit is sharing according to ratio
3.Profit earned during the year
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