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Mudit,sudhir and uday r partners in a firm sharing profits in the ratio of 3:1:1. Their fixed capital balances r 40,000 ,1,60,000 and 1,00,000 respectively. Net profit for the year ended 31 March, 2018 distributed amongst the partners was 1,00,000 without taking into account the following adjustments: A. Intrest on capital @2.5 p.a B.salary to mudit 18,000p.a and commission to uday 12,000 . C. Mudit allowed commission of 6%of divisible profit after charging commission.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared
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Mudit,sudhir and uday r partners in a firm sharing profits in the ratio of 3:1:1. Their fixed capital balances r 40,000 ,1,60,000 and 1,00,000 respectively. Net profit for the year ended 31 March, 2018 distributed amongst the partners was 1,00,000 without taking into account the following adjustments: A. Intrest on capital @2.5 p.a B.salary to mudit 18,000p.a and commission to uday 12,000 . C. Mudit allowed commission of 6%of divisible profit after charging commission.?, a detailed solution for Mudit,sudhir and uday r partners in a firm sharing profits in the ratio of 3:1:1. Their fixed capital balances r 40,000 ,1,60,000 and 1,00,000 respectively. Net profit for the year ended 31 March, 2018 distributed amongst the partners was 1,00,000 without taking into account the following adjustments: A. Intrest on capital @2.5 p.a B.salary to mudit 18,000p.a and commission to uday 12,000 . C. Mudit allowed commission of 6%of divisible profit after charging commission.? has been provided alongside types of Mudit,sudhir and uday r partners in a firm sharing profits in the ratio of 3:1:1. Their fixed capital balances r 40,000 ,1,60,000 and 1,00,000 respectively. Net profit for the year ended 31 March, 2018 distributed amongst the partners was 1,00,000 without taking into account the following adjustments: A. Intrest on capital @2.5 p.a B.salary to mudit 18,000p.a and commission to uday 12,000 . C. Mudit allowed commission of 6%of divisible profit after charging commission.? theory, EduRev gives you an
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