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X and Y arepartnersin a firmX isentitedto a salaryof Rs.10,000per month andcommissionof the10%of the netprofitpartners 'salariesbutbeforebutbeforecharingcommissionY isentitedto a salaryofRs. 25,000p.aandcommissionof 10%of thenet profitafter charging all commissionandpartnerssalariesnetprofitbeforeproviding for partnerssalariesand commissionfor theyearended31st March,2019wasRS. 4,20,000showdistributionfo profit .

Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Y's commission `=10//110 ` of2,47,5000 (i.e.,Rs. 4,20,000 and Rs, 80,000 interestis chargeable@<a href="https://interviewquestions.tuteehub.com/tag/6-327005" style="font-weight:bold;" target="_blank" title="Click to know more about 6">6</a>%p.a on thedrawings whatis <a href="https://interviewquestions.tuteehub.com/tag/theamount-1403166" style="font-weight:bold;" target="_blank" title="Click to know more about THEAMOUNT">THEAMOUNT</a> of drawing for a periodof <a href="https://interviewquestions.tuteehub.com/tag/6months-332094" style="font-weight:bold;" target="_blank" title="Click to know more about 6MONTHS">6MONTHS</a> .</body></html>


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