X Y and Z are partners in a firm with respect to Capital of Rs 50000 Rs 30,000 and Rs 20,000 according to the partnership deed each partner is entitled to interest on capital @ 5% per annum and salary of 1000 per annum of the net divisible profit X is entitled to 40% Y to 30% and Z to 30% of the frist of Rs 5000 over this amount the profit is to be shared equally the profit and loss account for the year ended 2017 disclosed a net profit of Rs 25000
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