The Income Statement of a partnership firm shows Net Income of OMR 75,000. A partner has provided OMR 40,000 loan to the partnership firm at 5% interest. Also, in the agreement it is provided that one...


The Income Statement of a partnership firm shows Net Income of OMR 75,000. A partner has provided OMR 40,000 loan to the partnership firm at 5% interest.
Also, in the agreement it is provided that one of the partners is eligible to get salary of OMR 25,000.
How much is the Net Profit of the partnership firm available for appropriation?



Jun 10, 2022
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