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If net profit is sixty five thousand rupees and interest on drawings is three thousand rupees what is total available profit?

Answer and explanation

Correct answer: Sixty eight thousand rupees

Interest on drawings is added like income to the firm. Sixty five thousand plus three thousand equals sixty eight thousand.

Related tags

Interest On DrawingsAvailable ProfitNumericalProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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