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According to profit and Loss Account, the net profit for the year is OMR 520,000. Salary of a partner is OMR 10.000 per mom and
According to profit and Loss Account, the net profit for the year is OMR 520,000. Salary of a partner is OMR 10.000 per mom and the commission of another partner is OMR 20,000. The interest on drawings of partners is OMR 10,000. The net profit as pe Profit and Loss Appropriation Account will be OMR 540,000 profit) OMR 560,000 (profit) OMR 390,000 (Loss) OMR 390,000 (profit) OMR 540,000(profit)
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