Accountancy, asked by saawiraj, 19 days ago

Ajay and Vijay are partners sharing profits equally. A draws regularly 4000 at the end of every month for 6months.Calulate interest on drawings @5% p. a?​

Answers

Answered by Mansi09373
4

Answer:

Calculation of interest on drawings:

Number of drawings= 6

Amount of each drawing= 4000

Total drawings= 6*4000

= 24000

Number of months= [Time left after 1st drawing + Time left after last drawing]/2

= [5+0]/2

= 2.5 Months

Hence,

Interest on drawings= 24000 * 5/100 * 2.5/12

= 250

Explanation:

MARKS ME AS BRAINLIST

Answered by AllenGPhilip
2

Answer:

550

Explanation:

Correct Question:

  • Ajay and Vijay are partners sharing profits equally. Ajay draws regularly 4000 at the end of every month for 6months.Calulate interest on drawings @5% p.a

Solution:

Total amount withdrawn = 4,000 × 6 = 24,000

Average period = 5.5

Intrest on drawings = Total amt × Rate × Average period

Intrest = 24,000 × 5% × 5.5/12 = 550

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