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Sita and gita are partner in a firm. They have not entered into partnership deed but had agreed on following. Salary will be paid to

Sita and gita are partner in a firm. They have not entered into partnership deed but had agreed on following.

Salary will be paid to Harry @ 10000p.m

Gita will get a commission@10% p.a of net profit .

Interest will be allow on capital@ 10% p.a.

Interest will be charged on drawing @10%p.a .

Partner capital 150000 and 200000 and profit of the year 507050. Calculate net appropriation of the partner.

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