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Mr. Al Mohannad and Mr. Basil are partners. According to Profit and Loss Account, the net profit for the ye is OMR 300,000. The total

Mr. Al Mohannad and Mr. Basil are partners. According to Profit and Loss Account, the net profit for the ye is OMR 300,000. The total interest on partner's drawings is OMR 10,000. Mr. Al Mohannad's salary is OMR 50,000 per year and Mr. Basil's salary is OMR 4,000 per month. The net profit as per Profit and Loss Appropriation Account will be

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