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p q r are partners in a firm. net profit before appropriation is 787000. total interest on capital and salary amounted to partners amounted 40000 and 75000 respectively. p and q are entitled to commission of 6% each on net profit after taking into consideration interest on capital salaries and all commission .calculate commission payable to p and q

Posted by Akash Kumar 4 years, 1 month ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Srishti Arya 1 year, 2 months ago

CBSE > Class 12 > Accountancy

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Posted by Riya Chandan 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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Posted by Annu Sahani 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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Gita Radha and Garv are partner sharing prophets in the ratio of 1 by 2 2 by 5 and 1 by 10 find the new profit sharing ratio of the remaining partners if girl retires

Posted by Mahi . 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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U and V Were Partners in a firm

Posted by Tanishk Kabra 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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Ativ, Meha and Nupur were partners in a firm sharing profits and losses in the ratio of 5 : 3:2. On 31-03-2016 their Balance sheet was as under: Liabilities Amount (T) Assets Amount (R) | Trade Creditors 26,500 Bank 23.500 Debtors 1,00,000 Stock 50,000 Fixed Assets 40,000 Advertisement Expenditure 25,000 Employees Provident Fund Ativ's Capital Meha's Capital 30,000 55,000 1,20,000 Nupur's Capital 10,000 2,40,000 2,40,000 Ativ retired on 1-4-2016. For this purpose, the following adjustments were agreed upon: (i) Goodwill of the firm was to be valued at 2 years purchase of the average profits of 3 completed years preceding the date of retirement. The profit for previous years were: 2013-14 55,000; 2014-15 7 65,000; 2015-16 7 60,000.

Posted by Munni Lal 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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Posted by Palak Kumari 3 months, 3 weeks ago

CBSE > Class 12 > Accountancy

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Posted by Shashank Shukla 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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