At the end of the year 2016-17, Aman's capital was
Rs.5,00,000. The profit for the year was Rs.1,00,000.
During the year he had drawn Rs.50.000 from the
business from personal use. The interest on opening
capital @ 10% for the year should be
Answers
Answered by
1
Explanation:
what is amount of drawing tell me first
Answered by
1
Answer:
45,000
Explanation:
5,00,000 - (drawings during the year)
5,00,000-50,000
=4,50,000
—> the interest on opening capital= 4,50,000×10/100 =45,000
Similar questions