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  3. 12th Class
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  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    Net profit of a firm is Rs.4,950. Manager is entitled to a commission of 10% on profits before charging his commission. Manager’s commission will be:

    A) Rs.495    

    B) Rs.450     

    C) Rs.550                          

    D) Rs.485

    Correct Answer: A

    Solution :

    [a] Rs.495
    Hint: Commission = \[4.950\times \frac{10}{100}=\] Rs.495
     


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