A and B are partners sharing profits equally A drew regulary Rs. 4,000 At the end of every month for year calculate ended 30 th September 2019 calcala
A and B are partners sharing profits equally A drew regulary Rs. 4,000 At the end of every month for year calculate ended 30 th September 2019 calcalate interest on drawings @5% p.a for a period of six months.
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Correct Answer - interest on drawings -rs. 250
interest on drawnings will ne becharged for 2.5 months on total of each quarter.
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