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Net profit is Rs 150000. Interest on capital is Rs 35000 and reserve is Rs 25000. What is remaining profit?

Answer and explanation

Correct answer: Rs 90000

Interest on capital and reserve are both deducted from profit. Rs 150000 minus Rs 60000 equals Rs 90000.

Related tags

Interest On CapitalReserveRemaining ProfitAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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