discount recived
outstanding wage
Answers
Answer:
particulars Rs. Rs.
net profit (given). 23,05,000
add:
(+) capital expenditure 5,10,000
special depreciation. 75,000
provision for taxation. 2,79,000
Ex-gratia payment 30,000 8,94,000
31,99,000
less:
(-) capital profit on 2,05,000
sale of investment.
net profit available
for managerial 29,94,000.
remuneration.
Director Remuneration
29,94,000×1÷100 29,940
managers remuneration
29,94,000×5÷100 1,49,700
Total Managerial remuneration 1,79,640.
