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Net profit is Rs 130000. Interest on drawings is Rs 6000 and partner salary is Rs 36000. What will be distributable profit?

Answer and explanation

Correct answer: Rs 100000

Interest on drawings is added and salary is deducted. Rs 130000 plus Rs 6000 minus Rs 36000 equals Rs 100000.

Related tags

Distributable ProfitSalaryInterest On DrawingsAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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