Question

A&B are partners in a Firm. They are entitled to salary of Rs.10,000 per month each. A is
to get 10% commission on net Profit before charging commission and B is to get 10%
commission on net profit after charging all commissions.
Computer the missing figures (P) from the following P/L Appropriation Account for the
year ended 31" March, 2017.​

Answer 1

Answer:

Send the complete question (including p/l appropriation A/c)

Explanation:

Salary is to be debited to p/l appropriation A/c (10,000 * 12 = 12000)

A is  to get 10% commission on net Profit before charging commission

A's commission = Net Profit before charging commission * 10%

B is to get 10%  commission on net profit after charging all commissions.

B's commission = (Net profit after charging all commissions * 10) / 110

*Send the complete question to "[email protected]" for further help or else just make the above adjustments to your answer.