BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Basic accounting principles
The following information is supplied to you:
Gross Profit Rs. 50,000
Salaries Rs. 10,000
Rent Rs. 4,000
Office expenses Rs. 12,000
Selling Expenses Rs. 5,000
Advertisement Rs. 8,000
Net Profit before commission is Rs. 11,000
Calculate manager’s commission @ 10% of the net profit after charging such commission.
1
Rs. 1,100
2
Rs. 11,000
3
Rs. 1,000
4
Rs. 110
5
None of the above/More than one of the above.