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A&B are partners in a firm.a is entitled to a salary of RS 4000 per month and b is entitled to a commission of RS 50000 per year. The business was carried out at A's premises for which rent of RS 50000 was payable to A firm. IOD was RS 200 and Rs 400 respectively. The profits before above adjustment were Rs 5,00,000 . Show distribution of profits.?
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A&B are partners in a firm.a is entitled to a salary of RS 4000 per mo...
Calculation of Profits:

- Total profits before adjustment: Rs 5,00,000

Adjustments:

- A's salary: Rs 4,000 per month = Rs 48,000 per year
- B's commission: Rs 50,000 per year
- Rent paid to A firm: Rs 50,000
- Interest on Capital (IOD): Rs 200 for A and Rs 400 for B

Distribution of Profits:

- Total profits: Rs 5,00,000

- After adjustments:
- A's salary: Rs 48,000
- B's commission: Rs 50,000
- Rent paid to A firm: Rs 50,000
- Interest on Capital (IOD): Rs 600

- Total deductions: Rs 1,48,600

- Remaining profits: Rs 3,51,400

- Profit distribution:
- A's share: (48,000 + 200) = Rs 48,200
- B's share: (50,000 + 400) = Rs 50,400
- Remaining profits: Rs 3,51,400

Therefore, A will receive Rs 48,200 and B will receive Rs 50,400 as their share of profits after adjustments.
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A&B are partners in a firm.a is entitled to a salary of RS 4000 per month and b is entitled to a commission of RS 50000 per year. The business was carried out at A's premises for which rent of RS 50000 was payable to A firm. IOD was RS 200 and Rs 400 respectively. The profits before above adjustment were Rs 5,00,000 . Show distribution of profits.?
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A&B are partners in a firm.a is entitled to a salary of RS 4000 per month and b is entitled to a commission of RS 50000 per year. The business was carried out at A's premises for which rent of RS 50000 was payable to A firm. IOD was RS 200 and Rs 400 respectively. The profits before above adjustment were Rs 5,00,000 . Show distribution of profits.? 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 are partners in a firm.a is entitled to a salary of RS 4000 per month and b is entitled to a commission of RS 50000 per year. The business was carried out at A's premises for which rent of RS 50000 was payable to A firm. IOD was RS 200 and Rs 400 respectively. The profits before above adjustment were Rs 5,00,000 . Show distribution of profits.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A&B are partners in a firm.a is entitled to a salary of RS 4000 per month and b is entitled to a commission of RS 50000 per year. The business was carried out at A's premises for which rent of RS 50000 was payable to A firm. IOD was RS 200 and Rs 400 respectively. The profits before above adjustment were Rs 5,00,000 . Show distribution of profits.?.
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