Accountancy, asked by koustavc30, 1 month ago

How to calculate interest on drawings if a partner draws in the beginning of each quarter for 6 months?

Answers

Answered by rajeswar

0

Answer:

Hey usually when date of Drawings is not given. Interest on Drawing = Total Drawings x Rate/100 x 6/12.

For monthly drawings for 6 months: Drawings are made in beginning of each month Interest = Amount x Rate/100 x 3/12.

Hope It Helps

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