Question

Manpreet and hermit are partners sharing profit in the ratio of 3 is to 1 with capital of rupees 100000 and rupees 40000 respectively. Interest on capital is agreed @ 10% per annum. Harmeet is to be allowed a salary of Rs 500 per month . During the year they withdrew Rs 10000 each .profit.for the year amounted to 36000 prior to appropriation and before charging depreciation on furniture Rs 2000 and writing off bad debt Rs 1000 . Manager is to be a allowed a commission of @ 10% of profit after charging such commission

Answer 1

Answer:

that's very hard question