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PSEB SS Accountancy Practice Questions - Punjab School Education Board (PSEB) Senior Secondary Accountancy (Class 12 - Accountancy Elective, Subject Code 142) Exam

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A and B share profits equally. A drew ₹48,000 on 1 July and B drew ₹36,000 on 1 October. Interest on drawings is charged at 10% p.a. for the year ended 31 March. Total interest on drawings is:
Correct Answer:
₹5,400

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