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Lokesh and Azad our partner sharing …

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Lokesh and Azad our partner sharing profits in ratio 3:2 the capital rs.50000and 30000 respectively. Interest on capital is a grade to be paid @6% per annum Azad is allowed is salary rs 2500 per annum during 2016 the profits prior to the calculation of interest on capital but after charging to the calculation of interest on capital but after charging Azad's salary amounted rs.12500 a provision of 5% of profit is to be made in respect of managers commission prepare accounts showing the allocation of profit and partners capital account
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