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If net profit is fifty thousand rupees interest on drawings is two thousand rupees and interest on capital is seven thousand rupees what is remaining profit?

Answer and explanation

Correct answer: Forty five thousand rupees

Add interest on drawings and deduct interest on capital. Fifty thousand plus two thousand minus seven thousand equals forty five thousand.

Related tags

Interest AdjustmentRemaining ProfitNumericalProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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