Question

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 `_______​

Answer 1

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