Mr A B entered into a partnership invested Rs 65 000 and Rs 50-12733
Mr. A & B entered into a partnership invested Rs.65,000 and Rs.50,000 with an equal share in profit or loss. Markup on drawings of Mr. A is Rs.1,000 and of Mr. B is Rs.1,500. The net income for the year is Rs.55,000. What will be the amount of distributable profit?
This multiple choice question (MCQ) is related to the book/course
vu mgt101 Financial Accounting.
It can also be found in
vu mgt101 Final Term - Quiz No.2.
Mr. A & B entered into a partnership invested Rs.65,000 and Rs.50,000 with an equal share in profit or loss. Markup on drawings of Mr. A is Rs.1,000 and of Mr. B is Rs.1,500. The net income for the year is Rs.55,000. What will be the amount of distributable profit?
Rs.52,500
Rs.56,000
Rs.56,500
Rs.57,500
