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M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence:a)M is not deemed as a partner in the firmb)M is deemed as partner in the firmc)M’s appointment is invalidd)M can claim only Rs. 40,000 p.m. but not share of profitsCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence:a)M is not deemed as a partner in the firmb)M is deemed as partner in the firmc)M’s appointment is invalidd)M can claim only Rs. 40,000 p.m. but not share of profitsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence:a)M is not deemed as a partner in the firmb)M is deemed as partner in the firmc)M’s appointment is invalidd)M can claim only Rs. 40,000 p.m. but not share of profitsCorrect answer is option 'A'. Can you explain this answer?.

Solutions for M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence:a)M is not deemed as a partner in the firmb)M is deemed as partner in the firmc)M’s appointment is invalidd)M can claim only Rs. 40,000 p.m. but not share of profitsCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence:a)M is not deemed as a partner in the firmb)M is deemed as partner in the firmc)M’s appointment is invalidd)M can claim only Rs. 40,000 p.m. but not share of profitsCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence:a)M is not deemed as a partner in the firmb)M is deemed as partner in the firmc)M’s appointment is invalidd)M can claim only Rs. 40,000 p.m. but not share of profitsCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence:a)M is not deemed as a partner in the firmb)M is deemed as partner in the firmc)M’s appointment is invalidd)M can claim only Rs. 40,000 p.m. but not share of profitsCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence:a)M is not deemed as a partner in the firmb)M is deemed as partner in the firmc)M’s appointment is invalidd)M can claim only Rs. 40,000 p.m. but not share of profitsCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence:a)M is not deemed as a partner in the firmb)M is deemed as partner in the firmc)M’s appointment is invalidd)M can claim only Rs. 40,000 p.m. but not share of profitsCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.