Class 12ACCOUNTSACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS Topper's Solved these Questions ACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS BOOK - DK GOELCHAPTER - ACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS EXERCISE - Multiple Choice Questions (iii) Calculation of Profit and Division of Profit ...
21 It should be noted that while salaries and interest on capital will reduce the amount of residual profit to be shared between the partners, interest on drawings will increase the residual profit. Cont. 22 Comprehensive Example The net profit for the partnership between Azlan and Chong for the...