7. Mohan and Sohan were partners sharing profits and losses in the ratio of 3:2. During the year they had withdrawn 40000 and *30000 respectively. Interest on Drawing chargeable @6%p.a. Interest receivable from Sohan will be (A) 800 (B) 2100 (C) 1200 (D) 1900
Answers
Answered by
2
Answer:
900
Explanation:
Interest = Drawings * Rate/100 * 6/12
= 30,000 * 6/100*6/12
= 900
Similar questions