Question

32. (Interest on Drawings/Different Situations) Mr. X and Mr. Y started business on 1
April 2014 with capitals of 3,00,000 and 1,80,000 respectively. Calculate the interest on
drawings of Mr. V @10% p.a. for the year ended 31st December 2015 if he withdrew as
follows:-
(a) During the first three months if he withdrew 1,200 in the beginning of every month.
(b) During the next three months if he withdrew 1,200 at the end of every month.
(c) During the remaining months he withdrew 1,200 p.m.
[Ans. 405]
VOY A Acarital Alacan
Pondo non
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Answer 1

Answer given is wrong.

a)interest is 360

b) interest is 360

c)interest is 780.

Total interest is 1,560.

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