Question

Arti and Bina are partners with profit sharing ratio of 2:1 and capital of Rs.500000 and

Rs.400000 respectively. They are allowed 8% p.a. interest on capital and are charged 10%

p.a. interest on their drawings. Their drawings during the year were Arti Rs.80000 and Bina

Rs.60000. Arti’s share of net profit as per profit and loss appropriation account amounted to

Rs.100000. Net profit of the firm before any appropriation was

(a) Rs.208000 (b) Rs.215000 (c)Rs.179000 (d) Rs.222000

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Answer 1

Answer:

ans is attached mark a brilliant