Accountancy, asked by khemrajsahu9068, 5 months ago

Formula to fing out drawings

Answers

Answered by lalanbhandari
0

Answer:

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

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