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Multiple choice

Calculate the amount of interest accrued to be credited to the Income and Expenditure Account. Investment in 10% p.a. government securities on October 1, 2017 = Rs. 10,00,000 Interest received = Rs. 30,000

  1. Rs. 1,00,000

  2. Rs. 50,000

  3. Rs. 30,000

  4. Rs. 20,000

  5. NA

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D Correct answer

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