Question

28.
A, B, C and D are partners. During the year 2015, A withdraws 3 16,000, B withdraws 31,500 at
the beginning of each month, C withdraws 2,000 at the end of each month and D withdraws
3,000 on 1st February, 4,000 on 1st June, 2,000 on 1st August, 75,000 on 1st November and
3,000 on 31st December. Calculate interest on drawings if the rate of interest is 12% p.a.
(as provided in the deed).​

Answer 1

Explanation:

hope it's helpful to you