Accountancy, asked by Anonymous, 4 months ago

formula for calculating interest on drawings for 6 months​

Answers

Answered by Anonymous
13

Explanation:

Interest On Drawings

When date of Drawings is not given. Interest on Drawing = Total Drawings x Rate/100 x 6/12. Note : Interest is calculated for a period of 6 months.

When date of Drawings is given. Interest on Drawing = Total Drawings x Rate/100 x Time Left after drawings/12.

Answered by jannatsingla
2

Answer:

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