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If net profit is Rs 140000 interest on capital is Rs 28000 salary is Rs 18000 and interest on drawings is Rs 4000 what will be remaining profit?

Answer and explanation

Correct answer: Rs 98000

Add interest on drawings to net profit and deduct interest on capital and salary. Rs 140000 plus Rs 4000 minus Rs 46000 equals Rs 98000.

Related tags

Remaining ProfitAppropriationNumericalProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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