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LoginA and Bare partners charingprofitsin theratioof 2:1theyadmitted C, theirmanager as a partnersfrom1stApril, 2018for 1/5thshareof profit,Cwhilebeingmanger ,wasgettingsalaryof Rs. 50,000p,aPluscommissionof 10%of netprofit aftercharing such salaryand commissionit wasalsoagreeed that anyexcessamountwhichC reseives as a partners (over his salary andcommission)willbevbornebyA profitforthe yearended31st March , 2019wasRs, 6,44,000before payment of salaryand commissionprepareprofitand lossappropritationAccount .
Class 12 Accounts in Class 12 3 years ago
Deficviency osRs. 24,800 to bemet by A FINAL SHARE of profitA-RS. 3,35,200,B -Rs. 1,80,000,C -rs. 1,28,800 .
Posted on 04 Dec 2021, this text provides information on Class 12 related to Accounts in Class 12. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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