Akbar, Bashir and Cader are in partnership with an agreement that provides for a salary of £2,000 per month to Akbar, interest of their fixed capital balances at 6% per annum and profit sharing in the ratio 3:2:1 respectively. Capital account balances of Akbar, Bashir and Cader were £500,000, £300,000 and £200,000 respectively. Profit for the year ended 31 March 2012 was £728,400. Identify the partnership profit each partner is entitled to in that year.

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Akbar Bashir Cader £137,300 £139,800 £161,300 b £214,800 £214,800 £214,800 c £268,800 £232,800 £226,800 d £376,200 £232,800 £119,400 P