Dear sir
How to calculate the partners remuration. please clarified tis problem.
Thanking you.
G.O.Reddy
How to caluclate the partners remuration
obalreddy (accountant) (282 Points)
27 July 2011
1 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 31 July 2011
(a) on the first 3,00,000 of the book-profit or in case of a loss
Rs.1,50,000 or at the rate of 90 percent of the book-profit, whichever is more;
(b) on the balance of the book-profit
at the rate of 60 percent.
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