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You are given the following information: Salary to partner A - OMR 300 Capital account: A - OMR 30,000 B -OMR 20,000 Interest on capital

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You are given the following information: Salary to partner A - OMR 300 Capital account: A - OMR 30,000 B -OMR 20,000 Interest on capital - 5% Net profit as per P/L a/c OMR 20000 Profit sharing ratio of partners - 3:2 Share of profit to be credited to A will be: a. OMR 10,450 b. OMR 7,000 C. OMR 8,500

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