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How manager commission is calculated?

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How manager commission is calculated?

Posted by Kritik Kesharwani 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Shradha Jain 6 years, 10 months ago

Manager's commision is charged after doing all the adjustments. For calculating manager's commission firstly find out rough NP and secondly, 1. if it is 'before charging' then the formula is, Rough NP × rate/100 Eg. If manager's commissin is 5% on NP before charging his commission and rough NP is 10000 then Manager's Commission =10000 × 5/100 = 500 2. If it is 'after charging' then the formula is, Rough NP × rate/100+rate Eg. If manager's commission is 10% on NP after charging such commission and rough NP 22000 the Manager's Commission =22000 × 10/110 = 2000 And it's adjustment is, 1. Dr side of P/L A/c 2. Liabilities side of Bal. Sheet

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