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A and B share profits in the ratio 4:1. A gets salary ₹25000 and B gets interest on capital ₹15000. Total profit is ₹90000. What is B's total share?

Answer and explanation

Correct answer: ₹25000

After deducting appropriations of ₹40000 the balance is ₹50000. B gets one fifth of the balance ₹10000 plus interest ₹15000.

Related tags

PartnershipProfit DistributionAppropriationAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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