Hemant withdraw 2500 at the end of each month the partnership deed provide for charging the interest on drawing @ 12%p.a calculate interest on drawing for the year Ending 31st December,2019.
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12
Answer:
30000 X 12% X 5.5/12
=1650
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0
Answer:
=total drawing×rate×average period/12
2500×12=30000
30000×12/100×11/2×12=1650
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