RBSE SS Accountancy Practice Questions - Rajasthan RBSE Senior Secondary (Class 12) Accountancy - Code 030 Exam

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A and B share profits equally. Capitals: A Rs 1,50,000; B Rs 1,00,000. Interest on capital @ 10% p.a. is allowed only out of profits. Profit before interest is Rs 20,000. Interest allowed will be:

A Rs 15,000; B Rs 10,000 A Rs 12,000; B Rs 8,000 A Rs 10,000; B Rs 10,000 A Rs 20,000; B Rs 0

Correct Answer:

A Rs 12,000; B Rs 8,000

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