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Thomas and Robert joined in a Partnership share profit and losses in a proportion of 2:3-. The Net profit of the partnership is 20,000-. Thomas

Thomas and Robert joined in a Partnership share profit and losses in a proportion of 2:3-.

  1. The Net profit of the partnership is 20,000-.
  2. Thomas Partnership Salary is 2.000-.
  3. Interest on Capital Thomas is 1,500.
  4. Interest on Capital Robert is 1,500
  5. Drawings of Robert is 3,500
  6. Drawings of Thomas is 5,500

Requirement: Calculate the Profit Sharing for each partner (All Calculation Must Be Shown to the Nearest Euro)

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