A and B are partners in a firm. A is entitled to a salary of rs 15000 per month and a commission of 10% of net profit before charging any commission. B is entitled to a commission of 10% net profit after charging his commission. Net profit for the year ended 31st march 2018 was rs 440000. Prepare P& L appropriation A/c.

Dear Student,
Here is your answer,


  • 9
What are you looking for?