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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.1,40,000. The total interest on partner's capital is Rs.8,000 and a partner is to be allowed commission of Rs.5,000. The total interes on partner's drawings is Rs.1,200. The net profit as per Profit and Loss Appropriation Account will be :

A

Rs.1,28,200

B

Rs.1,44,200

C

Rs.1,25,800

D

Rs.1,41,800

Text Solution

Verified by Experts

The correct Answer is:
A
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