Question

(b) X and Y were partners sharing in the ratio of 3:2 chey admit Z as a Partner. Z was to receive a salary of
Rs. 45p.a plus a commission of 10% on the profit after charging such salary and commission orth of
the profits of the firm, which ever is larger. Any Excess of later (i.e salary and commission is to be
borne by X and Y in the ratio of 2:1. Prepare profit & Loss appropriation account if profits for the year.
after charging Z's salary and commission is Rs. 450.​

Answer 1

Answer:

salary is 57900

Explanation:

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