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Net profit is one lakh sixty thousand rupees. Interest on drawings is eight thousand rupees salary is thirty thousand rupees interest on capital is eighteen thousand rupees and reserve is twenty thousand rupees. A and B share profit in ratio three to two. What is A final profit share?

Answer and explanation

Correct answer: Sixty thousand rupees

Distributable profit is one lakh sixty thousand plus eight thousand minus thirty thousand minus eighteen thousand minus twenty thousand equal to one lakh. A share is three fifths which is sixty thousand rupees.

Related tags

Profit DistributionAppropriationNumericalPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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