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According to Profit and Loss Account, th...

According to Profit and Loss Account, the net profit for the year is Rs.4,20,000. Salary of a partner is Rs.5,000 per month and the commission of another partner is Rs.10,000. The interest on drawings of partners is Rs.4,000. The net profit as per Profit and Loss Appropriation Account will be :

A

Rs.3,54,000

B

Rs.3,46,000

C

Rs.4,09,000

D

Rs.4,01,000

Text Solution

Verified by Experts

The correct Answer is:
A
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