partnership accounts
This query is : Resolved
06 June 2016
Seeta and Geeta are partners sharing profit and losses in 4 : 1 .meetha was manager who received the salary of 4000 per month in addition to a commission of 5% on net profit after charging such Commission .profits for the year 678000 before charging salary .find the total remuneration ?
07 June 2016
678000-4000=674000x5/105=32095.24
total 4000+32095.24= 36095.24
total 4000+32095.24= 36095.24
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