Divisible profits of a firm are ` 50,000. It paid ` 10,000 as Interest on capitals and ` 5,000 as salary to manager,
interest on drawings were ` 5,000. Net profit earned by the firm is `_______
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Answer:
Net profit is ₹60,000
Explanation:
By preparing extract of Profit and loss appropriation A/c and putting values we will get net profit as balancing figure
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