Question

19) Yasashvi and Tapashvi are partners in a firm. During the year ended on
31st March 2016, Yashasvi makes the drawings as under:
Date of Drawings Amount *
01-08-2015 4
5,000
31-12-2015 2
10,000
31-03-2016 0
15,000
Partnership Deed provided that partners are to be charged interest
on drawings @ 12% p.a. Calculate the interest on drawings of Yashashvi
under Product Method​

Answer 1

Answer:

totalof product = 55000

interst = 55000 x 12/100 x1/12

= 550 Ans.