Benefit and loss account for the year finished


With impact from first April, 2010, D, the chief in the firm of A,B, and C who were sharing benefits and misfortunes in the proportion of 5:3:2 individually was conceded as an accomplice in the firm with 1/eleventh offer of benefit. It was concurred that ought to D' offer of benefits surpass his compensation as the administrator, A will bear the weight of such an abundance. The chief D was qualified for a pay of Rs. 10,000 p.m. besides a commission of 2% of net benefit staying in the wake of charging his pay yet before charging his bonus. 

Benefit and Loss Account for the year finished 31st March, 2011 demonstrated a benefit of Rs. 22, 00,000. Show how the benefit will be disseminated among the four accomplices.

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Finance Basics: Benefit and loss account for the year finished
Reference No:- TGS01199878

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