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Hlo pls tell me if manager …

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Hlo pls tell me if manager comm is given on distributiobal profit thn wht will the treatment of this???

Posted by Surpreet Kaur 6 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Saurav Shandillya 6 years, 7 months ago

Manager's commission is a charge against p/l a/c . Then it should be deducted firstly from net profit then take appropriation on remaining profit.

Suman Bharti 6 years, 7 months ago

In profit & loss appropriation account Interest on capital (debit side) Interest on drawing (credit side) Remuneration to manager (debit side) Remuneration of partners (debit side) Profit distributable (debit side if credit side bara h debit side se) Loss distributable (credit side if debit side bara h credit side se)

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