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X and Y are partners in …

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X and Y are partners in a firm. X is entitled to a salary of Rs 10,000 per month and commission of 10% of the net profit after Partner's salary but before charging Commission. B is entitled to a salary of Rs. 25,000 p.a. and commission of 10% of the net profit after charging all commission and Partner's Salaries. Net profit before providing for Partner's salaries and commission for the year ended 31st March , 2020 was Rs. 4,20,000 Show Distribution of Profit

Posted by Vibhav Shinde 3 years, 3 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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