The net profit of a firm amount to 10500 before charging manager commission.The manager of the firm entitled to a commission of 5% on the net profit after charging his commission.1)calculate the manager commission.2)pass the adjusting entry for recording the manager commission.
This question has not been answered yet!
Don't worry! You can check out similar questions with solutions below
- ... net profit after charging such Commission calculate managers ...
- ... of net profit before charging any commission. B is entitled ...
- ... . Net profit of a firm before charging manager's commission ...
- ... factory managers commission . if the profit before charging ...
- ... net profit before charging and commission.lata is entitled ...