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X and y are partner sharing Profit in the ratio 3:2 with capital of Rs 80,000 and Rs 60,000 respectively interst on capital is agreed @5%p.a. Y is to be allowed an annual salary of Rs6,000 which has not been withdrawn. Profit for the year ended 31st March, 2017 before interst on capital but after charging Y's salary amounted to Rs 24,000 A provisions of 5% of the profit is to be made in respect of commission to the manager, prepare an a/c showing tge allocation of profit? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared
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X and y are partner sharing Profit in the ratio 3:2 with capital of Rs 80,000 and Rs 60,000 respectively interst on capital is agreed @5%p.a. Y is to be allowed an annual salary of Rs6,000 which has not been withdrawn. Profit for the year ended 31st March, 2017 before interst on capital but after charging Y's salary amounted to Rs 24,000 A provisions of 5% of the profit is to be made in respect of commission to the manager, prepare an a/c showing tge allocation of profit?, a detailed solution for X and y are partner sharing Profit in the ratio 3:2 with capital of Rs 80,000 and Rs 60,000 respectively interst on capital is agreed @5%p.a. Y is to be allowed an annual salary of Rs6,000 which has not been withdrawn. Profit for the year ended 31st March, 2017 before interst on capital but after charging Y's salary amounted to Rs 24,000 A provisions of 5% of the profit is to be made in respect of commission to the manager, prepare an a/c showing tge allocation of profit? has been provided alongside types of X and y are partner sharing Profit in the ratio 3:2 with capital of Rs 80,000 and Rs 60,000 respectively interst on capital is agreed @5%p.a. Y is to be allowed an annual salary of Rs6,000 which has not been withdrawn. Profit for the year ended 31st March, 2017 before interst on capital but after charging Y's salary amounted to Rs 24,000 A provisions of 5% of the profit is to be made in respect of commission to the manager, prepare an a/c showing tge allocation of profit? theory, EduRev gives you an
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