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Partner will get commision on turnover …

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Partner will get commision on turnover meaning

    • Posted by Raj Bhowmick 6 years, 5 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Ankit Arya 6 years, 4 months ago

    Turnover means sales.. E.g. turnover during the year (sales) 500000 of the firm.. A (partner) entitled 10% commission on turnover.. then A's commission will be 500000x10/100 = 50,000

    0Thank You

    Aditya Prakash 6 years, 5 months ago

    And profit for a partner

    0Thank You

    Aditya Prakash 6 years, 5 months ago

    This will be loss for a firm

    0Thank You

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