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Alla and Badreyya are partners sharing profits in the ratio 3:2. The partnership's profit after the distribution of in and salaries to partners for the

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Alla and Badreyya are partners sharing profits in the ratio 3:2. The partnership's profit after the distribution of in and salaries to partners for the year was OMR 90,760. The partnership agreement provides for: Interest at a rate of 5% p.a is to be paid on the partners' opening capital balances, . Interest at a rate of 8% on all drawings during the year. Partners' salaries of OMR 18,000 and OMR 10,000, to Alla and Badreyya, respectively During the year, Alla's drawings were OMR 36,000 and Badreyya's drawings were OMR 62,000. The partners' capital balances of Alla and Badreyya are OMR 240,000 (Cr.Jand OMR 160,000 (Cr), respectively. The partnership uses fluctuating capital method. Answer the following questions. This problem carries 3 marks.) . The total interest on Capital provided to partners is What is the closing balance of the Capital Account of Alla after the distribution of profits(loss? Cara Ace

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