12th Class
Accountancy
Fundamentals of Partnership
Question Bank
MCQs - Accounting for Partnership Firm - Fundamentals
question_answer
X and Y are partners. They have provided the following information: Manager salary = 20,000 per Quarter Manager commission = 10% of the profit after charging such commission Total Remuneration (Salary + commission) to manager = 1,40,000 Profit for the year before charging salary & commission was: