Question

Pankaj one of the partners was to bear all the realisation expenses for which he was to get commission of 2% of net cash released from dissolution cash realised from message for Rs.25,000 amount paid for liabilities amounted Rs.15,000

Answer 1

Answer:

1.₹1600

2.₹50000

3.Sorry I dono

Answer 2

Answer:

The amount of commission to be honoured to Pankaj will be Rs.200.

Explanation:

According to the question,

Pankaj's commission will be = 2% of the net cash released from the dissolution process.

To find- Pankaj's commission for carrying out realisation activity.

Solution:-

• Net cash released from the dissolution process will be -

Particulars                                                                                   Amount  

Cash realised from disposing of the asset                              Rs.25,000

Less:- The net amount paid for liabilities                                 (Rs.15000)

Net cash learned from dissolution process                          Rs.10000

Pankaj's commission = 2% of the net cash released from the dissolution process.

Pankaj's commission = 2% of Rs. 10000.

(Calculation - 2 X 10000 / 100 = Rs.200)

Hence, Pankaj's commission = Rs.200

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