Amar and Anthony are partners in a firm. Amar is entitled to a salary of ₹ 20,000 per month and a commission of 10% of the net profit before charging any commission
Amar and Anthony are partners in a firm. Amar is entitled to a salary of ₹ 20,000 per month and a commission of 10% of the net profit before charging any commission.
Anthony is entitled to a salary of ₹ 50,000 p.a. and a commission of 10% of the net profit after charging salary and all commissions.
Profit after partner’s salaries but before charging any commission for the year ended 31st March 2023 was ₹ 5,50,000.
Show the distribution of profit.
Anurag Pathak Changed status to publish April 20, 2024
