x and y are partners sharing profit in the ratio 3 ratio 2 with capital of 800000 and 600000 respectively interest on capital is agreed at the rate 5% per annum why is been allowed an annual salary of 60000 which has not been withdrawal profit for the year ended 31st march 2020 before interest on capital but after charging why salaries was 240000 a provision of 5% of the net profit is to be made in respect of commission to the manager
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The link of the solution is provided assuming that the question that you have typed is correct and hence the question in image posted by you is incomplete.
Please follow the link given below and scroll down to question 12 to get your answer
https://www.meritnation.com/cbse-class-12-commerce/accountancy/double-entry-book-keeping-ts-grewal-vol.-i-2019/accounting-for-partnership-firms-fundamentals/textbook-solutions/59_17_3525_25108_2.82_142407
Regards