A, B and C, and D are partners in a firm sharing profits in the ratio of 4 : 3 : 2 :1. The firm earned a net profit of ₹ 1,80,000 for the year ended 31st March 2024. As per the Partnership Deed, partners will get a commission @ 20% of the profits after charging such commission which they will share as 2 : 3 2 : 3.
You are required to show appropriation of profits among the partners.
Solution:
