Question

19. A and B are partners. Net divisible profit as per Profit & Loss Appropriation Account is 3,00,000. The total Interest on partner's drawings is 8,000. A's salary is 10,000 per quarter and B's salary is £60,000 per annum. A's share of profit will be __________
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Answer 1

Answer:

Net Profit during the year = Divisible profits + Salary to partners – Interest on Drawings = 2,50,000 + 16,000 + 40,000 – 4000 = Rs.3,02,000Read more on Sarthaks.com - https://www.sarthaks.com/292918/a-and-b-are-partners-the-net-divisible-profit-as-per-profit-and-loss-appropriation-a-c-is

Explanation:

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