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I need the answer as soon as possible Please be fast and don't waste my turn please within 5 minutes 70. A, B and C
I need the answer as soon as possible
Please be fast and don't waste my turn please within 5 minutes 70. A, B and C are in partnership. A and B sharing profits in the ratio of 3 : 1 and C receiving an annual salary of 32,000 plus 5% of the profits after charging his salary and commission, or th of the profit of the firm whichever is more. Any excess of the latter over the former received by C is, under the partnership deed, to be borne by A and B in the ratio of 3 : 2. The profit for the year ended 31st March, 2011 came to 1,68,000 after charging C's salary. Show the distribution of profits among the partnersStep by Step Solution
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