Question

The following are the relevant balances extracted from the books
of a company. You are required to calculate the remuneration of
the Managing Director at 5% of the net profit, after charging
such commission ascertained according to the companies Act.
Rs.
38,786
Net profit
Items considered for arriving at the above net profit
(a) Provision for taxation
(b) M.D's remuneration paid
39,000
12.000​

Answer 1

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Answer 2

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