A, B, C, and D are partners in a firm sharing profits as 4: 3: 2: 1 respectively. It earned a profit of Rs. 1,80,000 for the year ended 31st March, 2018. As per the Partnership Deed, they are to charge a commission @ 20% of the profit after charging such commission which they will share as 2: 3: 2: 3. You are required to show appropriation of profits among the partners.

A, B, C, and D are partners in a firm sharing profits as 4: 3: 2: 1 respectively. It earned a profit of Rs. 1,80,000 for the year ended 31st March, 2018. As per the Partnership Deed, they are to charge a commission @ 20% of the profit after charging such commission which they will share as 2: 3: 2: 3. You are required to show appropriation of profits among the partners.

Post category:Accountancy
Reading time:1 mins read

Solution

Leave a Reply Cancel reply

You must be logged in to post a comment.