Manager of Malabar Ltd. is entitled to a commission @ 3% on net profit after charging such commission. Calculate the commission payable to the manager. Net profit before tax and managerial remuneration is ₹8,80,000, Depr
CS Executive · Corporate and Management Accounting · PYQS · June 2021
Manager of Malabar Ltd. is entitled to a commission @ 3% on net profit after charging such commission. Calculate the commission payable to the manager. Net profit before tax and managerial remuneration is ₹8,80,000, Depreciation as provided in books of account is ₹1,10,000 and Depreciation as per the Companies Act, 2013 is ₹1,32,000.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Corporate Accounting
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