A and B are partners. According to Profit and Loss Account, the net profit for the year is ₹2,00,000. The total interest on partner’s drawings is ₹1,000. As salary is ₹40,000 per year and B’s salary is ₹3,000 per month. The net profit as per Profit and Loss Appropriation Account will be :
(A) ₹1,23,000
(B) ₹1,25,000
(C) ₹1,56,000
(D) ₹1,58,000
Answers
Answered by
1
Answer:
aad all A,B,C,D and then find out the answer
Answered by
2
Answer:
1,25,000
Explanation:
Net profit + intrest on drawings - partners salary
=> 2,00,000 + 1,000 - 40,000 - 36,000
=> 1,25,000
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