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Akil and nikhil were partners in the management consultancy firm sharing the profit and losses in the ratio 3:2 . their fixed capital were ₹1,00,000 and ₹80,000 respectively. interest on capital was @6%.pa. nikil was to be allowed a bi-annual salary of ₹4600. during the year 2022-23 , the net profit prior to the calculation of interest on capital but after charging nikil's salary amounted to ₹ 1,20,000. 5% of the profit was to be allowed as manager's commission. nikhil brought ₹20,000 as additional capital on 1st January 2023. Akil gave grantee to the effect that gross fee earned by him for the firm shall be equal to his average gross fee of the preceding five years, when he was carrying on profession alone(which was ₹25,000). the gross fees earned by Akil for the firm during the year 2022-23 was ₹16000. prepare profit and loss appropiatioj account? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Akil and nikhil were partners in the management consultancy firm sharing the profit and losses in the ratio 3:2 . their fixed capital were ₹1,00,000 and ₹80,000 respectively. interest on capital was @6%.pa. nikil was to be allowed a bi-annual salary of ₹4600. during the year 2022-23 , the net profit prior to the calculation of interest on capital but after charging nikil's salary amounted to ₹ 1,20,000. 5% of the profit was to be allowed as manager's commission. nikhil brought ₹20,000 as additional capital on 1st January 2023. Akil gave grantee to the effect that gross fee earned by him for the firm shall be equal to his average gross fee of the preceding five years, when he was carrying on profession alone(which was ₹25,000). the gross fees earned by Akil for the firm during the year 2022-23 was ₹16000. prepare profit and loss appropiatioj account? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Akil and nikhil were partners in the management consultancy firm sharing the profit and losses in the ratio 3:2 . their fixed capital were ₹1,00,000 and ₹80,000 respectively. interest on capital was @6%.pa. nikil was to be allowed a bi-annual salary of ₹4600. during the year 2022-23 , the net profit prior to the calculation of interest on capital but after charging nikil's salary amounted to ₹ 1,20,000. 5% of the profit was to be allowed as manager's commission. nikhil brought ₹20,000 as additional capital on 1st January 2023. Akil gave grantee to the effect that gross fee earned by him for the firm shall be equal to his average gross fee of the preceding five years, when he was carrying on profession alone(which was ₹25,000). the gross fees earned by Akil for the firm during the year 2022-23 was ₹16000. prepare profit and loss appropiatioj account?.

Solutions for Akil and nikhil were partners in the management consultancy firm sharing the profit and losses in the ratio 3:2 . their fixed capital were ₹1,00,000 and ₹80,000 respectively. interest on capital was @6%.pa. nikil was to be allowed a bi-annual salary of ₹4600. during the year 2022-23 , the net profit prior to the calculation of interest on capital but after charging nikil's salary amounted to ₹ 1,20,000. 5% of the profit was to be allowed as manager's commission. nikhil brought ₹20,000 as additional capital on 1st January 2023. Akil gave grantee to the effect that gross fee earned by him for the firm shall be equal to his average gross fee of the preceding five years, when he was carrying on profession alone(which was ₹25,000). the gross fees earned by Akil for the firm during the year 2022-23 was ₹16000. prepare profit and loss appropiatioj account? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Akil and nikhil were partners in the management consultancy firm sharing the profit and losses in the ratio 3:2 . their fixed capital were ₹1,00,000 and ₹80,000 respectively. interest on capital was @6%.pa. nikil was to be allowed a bi-annual salary of ₹4600. during the year 2022-23 , the net profit prior to the calculation of interest on capital but after charging nikil's salary amounted to ₹ 1,20,000. 5% of the profit was to be allowed as manager's commission. nikhil brought ₹20,000 as additional capital on 1st January 2023. Akil gave grantee to the effect that gross fee earned by him for the firm shall be equal to his average gross fee of the preceding five years, when he was carrying on profession alone(which was ₹25,000). the gross fees earned by Akil for the firm during the year 2022-23 was ₹16000. prepare profit and loss appropiatioj account? defined & explained in the simplest way possible. Besides giving the explanation of Akil and nikhil were partners in the management consultancy firm sharing the profit and losses in the ratio 3:2 . their fixed capital were ₹1,00,000 and ₹80,000 respectively. interest on capital was @6%.pa. nikil was to be allowed a bi-annual salary of ₹4600. during the year 2022-23 , the net profit prior to the calculation of interest on capital but after charging nikil's salary amounted to ₹ 1,20,000. 5% of the profit was to be allowed as manager's commission. nikhil brought ₹20,000 as additional capital on 1st January 2023. Akil gave grantee to the effect that gross fee earned by him for the firm shall be equal to his average gross fee of the preceding five years, when he was carrying on profession alone(which was ₹25,000). the gross fees earned by Akil for the firm during the year 2022-23 was ₹16000. prepare profit and loss appropiatioj account?, a detailed solution for Akil and nikhil were partners in the management consultancy firm sharing the profit and losses in the ratio 3:2 . their fixed capital were ₹1,00,000 and ₹80,000 respectively. interest on capital was @6%.pa. nikil was to be allowed a bi-annual salary of ₹4600. during the year 2022-23 , the net profit prior to the calculation of interest on capital but after charging nikil's salary amounted to ₹ 1,20,000. 5% of the profit was to be allowed as manager's commission. nikhil brought ₹20,000 as additional capital on 1st January 2023. Akil gave grantee to the effect that gross fee earned by him for the firm shall be equal to his average gross fee of the preceding five years, when he was carrying on profession alone(which was ₹25,000). the gross fees earned by Akil for the firm during the year 2022-23 was ₹16000. prepare profit and loss appropiatioj account? has been provided alongside types of Akil and nikhil were partners in the management consultancy firm sharing the profit and losses in the ratio 3:2 . their fixed capital were ₹1,00,000 and ₹80,000 respectively. interest on capital was @6%.pa. nikil was to be allowed a bi-annual salary of ₹4600. during the year 2022-23 , the net profit prior to the calculation of interest on capital but after charging nikil's salary amounted to ₹ 1,20,000. 5% of the profit was to be allowed as manager's commission. nikhil brought ₹20,000 as additional capital on 1st January 2023. Akil gave grantee to the effect that gross fee earned by him for the firm shall be equal to his average gross fee of the preceding five years, when he was carrying on profession alone(which was ₹25,000). the gross fees earned by Akil for the firm during the year 2022-23 was ₹16000. prepare profit and loss appropiatioj account? theory, EduRev gives you an ample number of questions to practice Akil and nikhil were partners in the management consultancy firm sharing the profit and losses in the ratio 3:2 . their fixed capital were ₹1,00,000 and ₹80,000 respectively. interest on capital was @6%.pa. nikil was to be allowed a bi-annual salary of ₹4600. during the year 2022-23 , the net profit prior to the calculation of interest on capital but after charging nikil's salary amounted to ₹ 1,20,000. 5% of the profit was to be allowed as manager's commission. nikhil brought ₹20,000 as additional capital on 1st January 2023. Akil gave grantee to the effect that gross fee earned by him for the firm shall be equal to his average gross fee of the preceding five years, when he was carrying on profession alone(which was ₹25,000). the gross fees earned by Akil for the firm during the year 2022-23 was ₹16000. prepare profit and loss appropiatioj account? tests, examples and also practice UPSC tests.