Question

Illustration 17&interest on Drawings).
A partner draws 10,000 per month. Under the Partnership Deed, interest on drawings is to be
charged @ 15% p.a. Calculate interest if the drawings are made regularly:
(i) in the beginning of the month,
(ii) in the middle of the month, or
(iii) at the end of the month.​

Answer 1

hope it is helpful for you

Answer 2

Have a. nice and great day

hope this helps you