Class 12th Accountancy Chapter-1 Practical Question-32

In this video, we break down the step-by-step solution for Class 12 Accountancy, Chapter Accounting of Partnership Firms – Fundamentals., Practical Question No. 32 from the TS Grewal textbook. Shiv, Mohan, and Gopal are partners sharing profits and losses in the ratio of 2 : 2 : 1. Shiv is entitled to a commission of 10% on the net profit. Net Profit for the year is ₹ 1,10,000. Determine the amount of commission payable to Shiv.