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A B C PARTNERS. THEIR CAPITALS ARE A-30000 B-20000 C-10000 RESPECTIVELY. ACCORDING TO THE PARTNERSHIP DEED THEY WERE ENTITLED TO AN INTREST ON CAPTIAL 5% P.A. IN ADDITION B WAS ALSO ENTITLED TO DRAW A SALARY OF RUPEES 500 PER MONTH . C WAS ENTITLED TO A COMMISSION OF 5% ON THE PROFITS AFTER CHARGING THE INTREST ON CAPTIAL BUT BEFORE CHARGING THE SALARY PAYABLE TO B. THE NET PROFITS FOR THE YEAR WERE RUPEES 30000 DISTRIBUTED IN THE RATIO OF CAPTIALS WITHOUT PROVIDING FOR ANY OF THE ABOVE ADJUSTMENTS . THE PROFITS WERE TO BE SHARED IN THE RATIO OF 5:3:2?
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A B C PARTNERS. THEIR CAPITALS ARE A-30000 B-20000 C-10000 RESPECTIVEL...
Calculation of B's salary and C's commission:

- B's salary for the year = 500 * 12 = 6000
- C's commission = 5% of (30000 - 6000) = 5% of 24000 = 1200
Adjustments for B and C:

- B's share of profit after salary = 6000
- C's share of profit after commission = 1200
Revised profits for distribution:

- Total profits for distribution = 30000 - 6000 - 1200 = 22800
Profit sharing ratio:

- Revised profit sharing ratio = 5:3:2
- Share of A = 5/10 * 22800 = 11400
- Share of B = 3/10 * 22800 = 6840
- Share of C = 2/10 * 22800 = 4560
Final distribution:

- A's share = 11400
- B's share = 6840 + 6000 = 12840
- C's share = 4560 + 1200 = 5760
Conclusion:

After adjusting for B's salary and C's commission, the profits should be distributed in the ratio of 11400:12840:5760 among partners A, B, and C respectively.
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A B C PARTNERS. THEIR CAPITALS ARE A-30000 B-20000 C-10000 RESPECTIVELY. ACCORDING TO THE PARTNERSHIP DEED THEY WERE ENTITLED TO AN INTREST ON CAPTIAL 5% P.A. IN ADDITION B WAS ALSO ENTITLED TO DRAW A SALARY OF RUPEES 500 PER MONTH . C WAS ENTITLED TO A COMMISSION OF 5% ON THE PROFITS AFTER CHARGING THE INTREST ON CAPTIAL BUT BEFORE CHARGING THE SALARY PAYABLE TO B. THE NET PROFITS FOR THE YEAR WERE RUPEES 30000 DISTRIBUTED IN THE RATIO OF CAPTIALS WITHOUT PROVIDING FOR ANY OF THE ABOVE ADJUSTMENTS . THE PROFITS WERE TO BE SHARED IN THE RATIO OF 5:3:2?
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A B C PARTNERS. THEIR CAPITALS ARE A-30000 B-20000 C-10000 RESPECTIVELY. ACCORDING TO THE PARTNERSHIP DEED THEY WERE ENTITLED TO AN INTREST ON CAPTIAL 5% P.A. IN ADDITION B WAS ALSO ENTITLED TO DRAW A SALARY OF RUPEES 500 PER MONTH . C WAS ENTITLED TO A COMMISSION OF 5% ON THE PROFITS AFTER CHARGING THE INTREST ON CAPTIAL BUT BEFORE CHARGING THE SALARY PAYABLE TO B. THE NET PROFITS FOR THE YEAR WERE RUPEES 30000 DISTRIBUTED IN THE RATIO OF CAPTIALS WITHOUT PROVIDING FOR ANY OF THE ABOVE ADJUSTMENTS . THE PROFITS WERE TO BE SHARED IN THE RATIO OF 5:3:2? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A B C PARTNERS. THEIR CAPITALS ARE A-30000 B-20000 C-10000 RESPECTIVELY. ACCORDING TO THE PARTNERSHIP DEED THEY WERE ENTITLED TO AN INTREST ON CAPTIAL 5% P.A. IN ADDITION B WAS ALSO ENTITLED TO DRAW A SALARY OF RUPEES 500 PER MONTH . C WAS ENTITLED TO A COMMISSION OF 5% ON THE PROFITS AFTER CHARGING THE INTREST ON CAPTIAL BUT BEFORE CHARGING THE SALARY PAYABLE TO B. THE NET PROFITS FOR THE YEAR WERE RUPEES 30000 DISTRIBUTED IN THE RATIO OF CAPTIALS WITHOUT PROVIDING FOR ANY OF THE ABOVE ADJUSTMENTS . THE PROFITS WERE TO BE SHARED IN THE RATIO OF 5:3:2? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A B C PARTNERS. THEIR CAPITALS ARE A-30000 B-20000 C-10000 RESPECTIVELY. ACCORDING TO THE PARTNERSHIP DEED THEY WERE ENTITLED TO AN INTREST ON CAPTIAL 5% P.A. IN ADDITION B WAS ALSO ENTITLED TO DRAW A SALARY OF RUPEES 500 PER MONTH . C WAS ENTITLED TO A COMMISSION OF 5% ON THE PROFITS AFTER CHARGING THE INTREST ON CAPTIAL BUT BEFORE CHARGING THE SALARY PAYABLE TO B. THE NET PROFITS FOR THE YEAR WERE RUPEES 30000 DISTRIBUTED IN THE RATIO OF CAPTIALS WITHOUT PROVIDING FOR ANY OF THE ABOVE ADJUSTMENTS . THE PROFITS WERE TO BE SHARED IN THE RATIO OF 5:3:2?.
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