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Net profit is Rs 95000. Interest on capital is Rs 20000 salary is Rs 15000 and interest on drawings is Rs 5000. What is remaining profit?

Answer and explanation

Correct answer: Rs 65000

Add interest on drawings to net profit and deduct interest on capital and salary. Rs 95000 plus Rs 5000 minus Rs 35000 equals Rs 65000.

Related tags

Remaining ProfitAppropriationNumericalProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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