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
39,000
(b) MD's remuneration paid
12,000
60121/BPZ
BPF3A/BPW3A/BPCS
BPG3A/BPM​

Answer 1

Answer:

{a} Provision for taxation

39,000