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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
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