Question

Drawings against capital are not considered for calculation of interest on capital. Is it correct?​

Answer 1

Answer:

No when drawings are out of capital, interest on drawings is not charged as drawings are deductions from capital and thus the capital is reduced which leads to reduction in interest on capital.

Explanation:

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Answer 2

Answer:

Drawings against capital is considered to calculate interest on drawings. Is it correct? ... No when drawings are out of capital, interest on drawings is not charged as drawings are deductions from capital and thus the capital is reduced which leads to reduction in interest on capital.

Explanation:

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