Question

Aman and Bharat are partners sharing profits in the ratio of 3: 2, with capitals of 3,00,000 and 2,00,000 respectively.

Interest on Capitals is agreed @ 6% p.a.
Bharat is to be allowed an annual salary of 30,000.

During the year 2020-21, profit prior to the calculation of interest on capital and salary
amounted to 1,90,000. A provision of 10% of net profit is to be made in respect of commission to the Manager.

(A) Manager's commission will be

(a) 11,100.
(b) 14,100
(c) 18,000.
(d) 19,000

(B) Share of profit will be

(a) Aman=60,000; Bharat 40,000
(b) Aman=72,000, Bharat 48,000
(c) Aman=66,600, Bharat =44,400
(d) Aman=90,000, Bharat=60,000.​

Answer 1

Answer:

1. b
2. c

Explanation:

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Answer 2

Explanation:

A : b

B : c

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