Mudit, Sudheer and uday are partner in a firm sharing profits in the ratio of 3:1:1. Their on the fixed capital balance Rs.4,00,000,Rs.1,60,000, Rs.1,20,000 respectively . net profit for the year ended 31st March 2018 distributed among the partners where 1,00,000, without taking into account the following and adjustment.,
(A)Intrest on capital @ 2.5 % per annum., (B)salary to mudit 18,000 per annum and commission to udayRs.12,000. (C) mudit was allowed a of 6% of divisible profit after charging such Commission. pass a rectified general entry in the book of the form showing working. clearly. Plz get my ans.