Accountancy, asked by narasimhapriya7, 3 months ago

A and B are partners. A draw RS. 5,000 in the beginning of each half year. Calculate interest on drawings at 4% for the Year ending 31st December 2018 using average period.​

Answers

Answered by sangeeta9470
2

Answer:

interest on drawing = amount × rate × average period

amount = 5000×2 =10000

rate= 4%

average period

= tune left after ist drawing + time left after last drawing/2

A.P. = 6+0/2=3month

interest = 10000×4/100×3/12

= 100

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