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Net profit is two lakh rupees. A salary is thirty thousand B commission is twenty thousand interest on drawings is ten thousand and reserve is twenty five thousand. What is remaining profit?

Answer and explanation

Correct answer: One lakh thirty five thousand rupees

Remaining profit is two lakh plus ten thousand minus thirty thousand minus twenty thousand minus twenty five thousand equal to one lakh thirty five thousand.

Related tags

Multiple AppropriationsRemaining ProfitHardProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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