Accountancy, asked by naliniganesan807, 4 days ago

Jayaram is a partner who withdrew ₹10000 regularly in the middle of every month.Interst is charged on the drawings at 6% per annum. Calculate intrest on drawings for the year ended 31st December 2018.

Answers

Answered by ahersharugmailcom

1

Explanation:

Interest on drawings: 10,000 × 12/24 × 6/100 × 12 = Rs. 3600

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