Accountancy, asked by harmalkarchirag, 4 months ago

profit for the year 2020 rupees 40000 including rupees 2000 interest on trade investment the trading profit for the year 2020 will be considered as ___

Answers

Answered by PhoenixAnish

6

Answer:

₹38000 because profit including the tax is 40000

so if we subtract the tax of ₹2000 levied on trade

= 40000 - 2000

= ₹38000

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