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]