Home / MCQ Bank / Commerce

Commerce Accounting Difficulty: Medium

A, B and C are partners. A's capital is Rs. 3,00,000 and B's capital is Rs. 1,00,000. C has not invested any amount as capital but alone manages the whole business. C wants Rs. 30,000 per annum as salary. The firm earned a profit of Rs. 1,50,000. How much will be each partner's share of profit?

Select the correct option to test your answer:

More Commerce Questions

According to accounting standard-14 purchase consideration is payable to which one of the following? Which of the two decisions are involved in a savings proposition? Standard costing means Type of options that do not have stock in portfolio to back up options is classified as The term opportunity cost refers to