Question

A B and Care partners in a firm sharing profits in the ratio of 5:32. Their capital was 5,00,000 300,000 and 2,00,000 respectively. The partnership deed provided for the following

1. Partner are allowed interest on capital @ 5% p.a. 2. Partner A is entitled to commission of 10% on net profit for securing contracts from customers.

Partner B is also entitled to a commission of 10% on net profit after charging clause (2) of deed. 4 Partner C is entitled to rent of 1,000 per month for the use of his premises by the firm

5. The profit of the firm during the year before making above adjustments was 1.11,000

6 A, B and C also decided to share future profits in ratio 2:3:5. They have General Reserve balance of 10,000. They do not wish to write off General Reserve from the books. select the correct option to the following questions:

34. A's commission of 10% on net profit i

64) 11,100

(b) 9,900

(0) 6.100

40. B's share of commission is

(() 4,900

(a) 8,910

(b) 9,990

(c) 4,410

(b) 54,900

​

Answer 1

Answer:

a) 11,100

Explanation:

a) 10/100×1,11,000=11,100

I think b option are not right kindly check it ..

b) 10/110×1,11,000=10,090