Accountancy, asked by ujjwalapaul82, 1 month ago

9. A partner draws 2,000 each on 1st April 2018, 1st July 2018, 1st October,
2018 and 1st January 2019. For the year ended 31st March, 2019 interest on
drawings @ 8% per annum will be:
(1)
(a) 540
(b) 320
(c) 960
(d) 400

Answers

Answered by akritipatel56789

0

Answer:

400

Explanation:

Answered by singhalsneha2004

0

Answer:

400

Explanation:

total drawings- 2000*4= 8000

average time= 12+3/2 = 7.5

rate of interest = 8%

interest on drawings= 8000*7.5*8/12*100

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