Question

A and B are the partners in a firm a withdraw 1000 Rs. Per month from 1st July. Partnership

deed charge 10% interest on drawings and accounts are closed on 31st March every year.

Calculate amount of interest on drawings.​

Answer 1

Answer:

1000×10/100×8/12

100×2/3

=67

amount of interest on drawing is 67

Answer 2

Explanation:

from july to March next financial year 9 months .

so 10%interest so 9×1000 =9000rs withdrawal for next financial year. so 10% interest is rs900

hope it helps you