[CBSE] Q. 7 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 7 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

Asha and Lata are partners sharing profits in the ratio of 1 : 2. Asha is entitled to a salary of ₹ 2,00,000 p.a. and a commission of 8% of net profit before charging any commission. Lata is entitled to a commission of 8% of net profit after charging her commission. Net Profit for the year ended 31st March, 2024 amounted to ₹ 5,40,000.

Prepare Profit & Loss Appropriation Account.

[Ans. Share of Profit : Asha ₹ 85,600 and Lata ₹ 1,71,200.]

Solution:-

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4	Question – 4
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10	Question – 10

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60	Question – 60(A), 60(B), 60 (C)

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