Calculate net profit as per P & L A/c for the year ending 31 March, 2022 from the following information : share of profit transferred to Capital A/c's of partners : Ram Rs. 7,000 Shyam Rs. 3,500 Interest on capital : Ram Rs. 1,500 Shyam Rs. 500 Interest on Drawings : Ram Rs. 300 Shyam Rs. 200 Ram's salary Rs. 1,000

Question

Option 1: Rs. 13,000

Option 2: Rs. 13,500

Option 3: Rs. 12,000

Option 4: Rs. 11,000

AfterBoards · Accepted Answer

The answer is 'Rs. 13,000'. View full solution:

CUET Accountancy 2022 23 Aug Shift 2 PYQs

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