Question

A and B are partners in a firm.A is entitled to a salary of 3000 per month together with a commission of 10% of net profits before charging any commission. Net profit before charging any salary and commission for the year 2019 was 96000.show distribution of profits.

Answer 1

Explanation:

X and Y are partners in a firm X is entited to a salary of Rs. 10,000 per month and commission of the 10% of the net profit partners ' salaries but before but before charing commission Y is entited to a salary of Rs. 25,000 p.a and commission of 10% of the net profit after charging all commission and partners salaries net profit before providing for partners salaries and commission for the year ended 31st March ,2019 was RS. 4,20,000 show distribution fo profit .

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