Question

2 points Bipasa is a partner in a firm. She withdrew 36000 at the end of each quater during the year ended 31st March 2019, Int on her drawings @10% p.a. will be: O 31500 900 O 31200 600​

Answer 1

Answer:

Explanation:

As per statement, Bipasa withdraw Rs 36000.00 at the end of each quarter means

1.  > 1st  end of quarter = 30 June 18

2.  > 2nd end of quarter = 30 September 18

3.  > 3rd end of Quarter = 31st December 18

4.  > 4th end of Quarter = 31st March 19

This means he utilised Rs 36000.00 for 9 Months

                                       Rs 72000.00 for 6 Months

                                       Rs 1,08000.00 for 3 Months

                                       Rs 1,44000.00 for 1 days

Interest calculations will be 1.    2700.00

                                                2.   3600.00

                                                 3.  2700.00

                                                 4.      00.00   ( will be charged in the next quarter)

               Total Interest will be  9000.00