Accountancy, asked by bandhubajaj5983, 9 months ago

Calculation of interest on drawings sums

Answers

Answered by chandansupaul

1

Answer:

Drawings are made in the begnning of each period (halfyear) interest on drawing = Amount x Rate/100 x 9/12. Drawings are made in the middle of each period (half year) interes on drawing = Amount x Rate/100 x 6/12. Drawings are made at the end of each period (half year) interest on drawing = Amount x Rate/100 x 3/12.

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