Question

1. Rajesh (one partner) has withdrawn Rs.60,000 for his son's marriage. As per the Partnership
deed interest on drawings is charged @10% p.a. There was a net loss during the year ending
31st March 2020 Rs.40,000.
What decision Accountant should take regarding interest on drawings?
(a) Interest on Drawings Rs.6,000 (b) Interest on Drawings Rs.3,000
(c) Interest on Drawings Rs.4,000 (d) No interest on drawings due to loss​

Answer 1

Answer:

sorry i can't answer it

Explanation: