Question

2. Determine the maximum remuneration available to the part time directors and manager. Before charging and such remuneration the profit & loss A/c showed a credit balance of Rs.660000 for the year ended march 31, 2020 after taking into account the following matters: Capital expenditure – 150000
3. Subsidy received from Govt – 120000
4. Special depreciation – 20000
5. Multiple shift allowance – 30000
6. Bonus to foreign technicians – 90000
7. Provision for taxation – 800000
8. Compensation paid to injured workman – 20000
9. Ex – gratia to an employee – 10000
10. Loss on sale of fixed asset – 20000
11. Profit on sale of investment – 60000

Answer 1

Answer:

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Explanation:

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