Question

Ans. Commission Fat 12,000, Thin 8,000).
3. Treatment of Salary & Commission) X, Y and Z are in partnership sharing profit equally
and during the year 2018-19 earn a profit of 1,15,000. X and Y are entitled to 10% on Interest
on their capital of 1,00,000 and 1,50,000 respectively while Z, who has no capital in the firm is
entitled to a salary of * 10,000 p.a. Z is also entitled to commission of 6% on the profits after
charging Interest, Salary and commission. Prepare Profit and Loss Appropriation Account for the
tear ended 814 March 2019,
TAns. Commission to Z 4,5281
Journal Entries for Commission) Pase journal entries for the following​

Answer 1

$\rm\huge\underline{Answer}$

the branch of science concerned with the substances of which matter is composed, the investigation of their properties and reactions, and the use of such reactions to form new substances.