Question

if a partner draws equal amount in the beginning of every quarter how you will calculate interest On drawing​

Answer 1

Answer:

Case I: Drawing made on begnning of each quarter interest on drawing = Amount x Rate/100 x 7.5/12 = 48,000 x 10/100 x 7.5/12 = Rs.

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Interest On Drawings II

At beginning of each Quarter.

In the middle of each Quarter.

At end of each Quarter rate is 10% P. A.

Answer 2

Answer:

interest on drawing:. total amount of drawing× 7.5 months×rate of interest