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Interest on investment received during the year was of ₹5,000 for the six months. Investments was of ₹1,00,000 as on 1st April 2020. How much amount will be credited in Income & Expenditure a/c? |
₹1,00,000 ₹5,000 ₹10,000 ₹95,000 |
₹10,000 |
Interest for the whole year - 5,000 Received + 5,000 due ( for remaining six month ) = ₹10,000 |
