Ram & Co., a partnership firm, worked out total book profits for the year ended 31st March 2021 at ₹ 5,00,000. The firm has made payment of salary of ₹ 4,60,000 authorized by the deed to the working partners and wants to know that how much amount of salary paid to partners is allowable:
1. Actual salary paid of ₹ 4,60,000
2.₹ 3,90,000
3.₹ 2,70,000
4. ₹ 2,50,000
Posted Date:-2022-08-28 04:33:47