Y & Z are partners with captal Rs. 25,000 & Rs. 15,000. Each Partner entitled to 9% p.a intrest on his capital.
Y is Entitled to get salary of rs 5,000 p.a together with a commission of 6% of net profit remaining after
deducting intrest on Capitals & Salary but before charging any commission. Z is entitled to
get a salary of Rs 6,000 p.a together with a commission of 6% of net profit remaining
after deducting intrest on capitals & Salary and after charging all commission. The profits
for the year before making any above mentioned adujustments amount of rs 37,000.
Calculate Divisible Profit...........??
Ans is 19,864...........
pls Explain the Answer..................!!
CAclubindia
