Q. According to Profit and Loss Account, the net profit for the year is ₹4,20,000. Salary of a partner is ₹5,000 per month and the commission of another partner is ₹10,000. The interest on drawings of partners is ₹4,000. The net profit as per Profit and Loss Appropriation Account will be :
  • (A) ₹3,54,000
  • (B) ₹3,46,000
  • (C) ₹4,09,000
  • (D) ₹4,01,000
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✅ Correct Answer: (A) ₹3,54,000

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