Question

A, B ,C are partners sharing profit equally A drew regularly 10000 in the beginning of evrey month for six mths ended 30th September 2018 calculate interest on drawings at 5percent p.a for year ended 31st march 2019

Answer 1

Int. On drawing = 10000*5%*(1/6+2/6+3/6+4/6+5/6+6/6)

10000*5%*21/6

1750