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12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    In a partnership firm, partner X is entitled a monthly salary of Rs.2,000. At the end of the year, firm earned a profit of Rs.75,000 after charging X's salary. If the manager is entitled a commission of 10% on the net profit after charging his commission. Manager's commission will be:                                                                                          [CBSE 2019 C Modified]

    A) 7,500

    B) 9,000

    C) 6,818

    D) 7,000

    Correct Answer: B

    Solution :

    9,000


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