Question

6.
43. Komal is a partner in a firm. She withdrew 15,000 at the end of each quarter dur
year ended 31st March, 2020. Interest on Drawings @ 12% p.a. will be:
(a) 7,200
(b) 1,800
(e) 2,700
(d) 5,625
1 st Luly 2019 15 Oct. 2019 and
7
8
9
k​

Answer 1

Explanation:

Drawings @ 12% p.a. will be:

(a) 7,200

(b) 1,800

(e) 2,70

Answer 2

Explanation:

Solution :

Total amount = 15,000 × 4

= 60,000

Total amount = Rs. 60,000

Komal withdraw Rs. 15,000 at the end of each quarter :

Average Period = 4.5

Total amount = Rs. 60,000

Interest rate = 12% per annum

Interest on drawings = ??

• Interest on drawings = Total amount of drawings × (Rate of interest/100) × (Average Period/12)

= 60,000 × (12/100) × (4.5/12)

= 2,700

Interest on drawings = Rs. 2,700

Hence, Option 2700

Interest on drawings will be Rs. 2,700