X.Y and Z are partners sharing profit and losses equally as per partnership Deed ,Z is entited to a commission of 10% on the net profit after charging such commission the net profit before charging commission is Rs. 2,20,000 . Determine the amount of commission payable to Z.

X.Y and Z are partners sharing profit and losses equally as per partne

1.	X.Y and Z are partners sharing profit and losses equally as per partnership Deed ,Z is entited to a commission of 10% on the net profit after charging such commission the net profit before charging commission is Rs. 2,20,000 . Determine the amount of commission payable to Z.
Answer» Commission payable to Z -Rs.20,000

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X.Y and Z are partners sharing profit and losses equally as per partnership Deed ,Z is entited to a commission of 10% on the net profit after charging such commission the net profit before charging commission is Rs. 2,20,000 . Determine the amount of commission payable to Z.

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