Quiz Amit, Sumit and Kiara are partners sharing profits an ratio 2: 2:...

Amit, Sumit and Kiara are partners sharing profits an ratio 2: 2: 1. Sumit is entitled to a commission of 15 after charging such commission. The net profit will be:

Class 12th Accountancy, Question paper 2023- Amit, Sumit and Kiara are partners sharing profits an ratio 2: 2: 1. Sumit is entitled to a commission of 15 after charging such commission. The net profit will be:

By

-

March 31, 2023

These are the options for the Question: Amit, Sumit and Kiara are partners sharing profits an ratio 2: 2: 1. Sumit is entitled to a commission of 15 after charging such commission. The net profit will be:
(A) %1,20,000 (B) % 1,358,000
(C) % 48,000 (D) 755,200

The correct answer is – (B) % 1,358,000.