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The deed gives A annual travelling allowance of Rs 12000. If A served for eight months, what is the proportionate allowance?

Answer and explanation

Correct answer: Rs 8000

Annual allowance is taken on time basis if no full year condition exists. For eight months, two thirds of Rs 12000 is Rs 8000.

Related tags

Partner AllowanceTime BasisNumericalPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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