you are to open the books of rajesh prabhu, gurugram(haryan ) atrader , through the journal to record the assets and liabilities and then record the daily transaction for the month of april 2019. a trial blance is to extracted as on 30th April,2019

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?