In a partnership partners are changed interest on during @ 15% p.a the during the year ended 31st march 2019 a partner drew as follows
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Interest on Partner's Drawings- Concept and Calculation – Class XII Accounting for Partnership Firm. Drawings means the amount withdrawn by partners, in cash or in kind, for their personal use. Drawings are may be Out Of Profit or Out Of Capital. ... Interest on Drawings is income to the firm and an expense to the partners
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OK I WILL TRY NEXT TIME WELL DONE
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