Question

charged interest on drawings Rs. 500

Answer 1

Answer:

Charged Interest on Drawing = ₹500/-

Since this is all you write.

Answer 2

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

Explanation: