Question

10. X and Y were partners in a firm. The partnership agreement provided that interest on drawings was to
be charged @ 12% per annum. X had withdrawn the following amounts during the year ended 31.3.17:
on 1.4.16
20,000
on 30.6.16
*32,000
on 1.9.16
* 40,000
on 31.3.17
78,000
Calculate Interest on X's Drawings.​

Answer 1

Answer:

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