Question

6. Arun is a partner in a partnership firm. As per the partnership deed, interest on drawings is charged at 12% pa. During the year ended 31st December, 2018 he drew as follows: Date ₹ March 1 6,000 June 1 4,000 September 1 5,000 December 1 2.000 Calculate the amount of interest on drawings and choose the correct option. (A) 1.100 (B) 31,000 c) 35,00 (D) * 2,100​

Answer 1

Answer:

Interest on drawings = Amount of drawings × Rate of interest × Period of interest

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