A, B, C, and D are partners in a firm sharing profits as 4 : 3 : 2 : 1 respectively. It earned a profit of ₹ 1,80,000 for the year ended 31st March, 2018. As per the Partnership Deed, they are to charge a commission @ 20% of the profit after charging such commission which they will share as 2 : 3 : 2 : 3. You are required to show appropriation of profits among the partners.

A, B, C, and D are partners in a firm sharing profits as 4 : 3 : 2 : 1

1.	A, B, C, and D are partners in a firm sharing profits as 4 : 3 : 2 : 1 respectively. It earned a profit of ₹ 1,80,000 for the year ended 31st March, 2018. As per the Partnership Deed, they are to charge a commission @ 20% of the profit after charging such commission which they will share as 2 : 3 : 2 : 3. You are required to show appropriation of profits among the partners.
Answer» iation of profits by each of partners is given below. Explanation:Total amount of profit earned by the end of the year= RS. 1,80,000 Commission to be charged at the rate of = 20% This commission WOULD be ‘shared’ in the ratio of = 2:3:2:3 Calculation of Partner’s commission: Calculation of Profit Share of Each partner: Profit is to be DISTRIBUTED in the ratio of 4:3:2:1 Amount on which profit will be calculated 1,80,000-30,000 = Rs. 1,50,000 A’s profit B’s profit C’s profit D’s profit

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