Neeraj and Surya are partners sharing profits and losses in the ratio of 2 : 1. Their capitals are ₹ 4,00,000 and ₹ 2,00,000 respectively

Neeraj and Surya are partners sharing profits and losses in the ratio of 2 : 1. Their capitals are ₹ 4,00,000 and ₹ 2,00,000 respectively. Neeraj is entitled to interest on capital @ 12% p.a. and Surya is entitled to salary of ₹ 6,000 per month. Profit before providing for interest on capital and partner’s salary for the year ended 31st March, 2025 was ₹ 50,000. Show the distribution of profits.

[Ans. Neeraj will get ₹ 20,000 as interest on capital and Surya will get as ₹ 30,000 as salary.]