[CBSE] Q. 34 Solution of Fundamentals of Partnership Firms TS Grewal Book (2023-24)

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Solution of Question number 34 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition.

Abha, Bobby, and Vineet are partners sharing profits and losses equally. As per Partnership Deed, Vineet is entitled to a commission of 10% on the net profit after charging such commission. Net Profit before charging commission is ₹ 2,20,000.

Determine the amount of commission payable to Vineet.

[Ans: Commission payable to Vineet – ₹ 20,000]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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