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BSEH SS Accountancy Practice Questions - Board Of School Education Haryana (BSEH) Senior Secondary Accountancy (Class 12 - Accountancy Elective, Date-sheet Code 903) Exam

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A and B share profits equally. A drew ₹60,000 on 1 July and B drew ₹40,000 on 1 October. Interest on drawings is charged at 12% p.a. for the year ended 31 March. Total interest on drawings is:
Correct Answer:
₹7,800

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