Question

Kailash is a partner in a firm. He withdraws 10,000 from the business for personal
during the year ended 31st March, 2019. Caleulate interest on drawings @ 12%
pa
b) Javed is a partner in a firm. He withdraws 6,000 pm throughout the year in the middel
every month Compute interest on drawings @ 8% p.a.​

Answer 1

Answer:

1). interest on drawing=10,000*12/100*6/12(when months are not given we take 6 months)

=100*12*1/2

=600 answer

2). interest on drawing=6,000*8/100*6/12(withdraw in the middle of every month=6/12)

=60*8*1/2

=48*12

=4 answer

Answer 2

Explanation:

10,000×12/100×6/12=600.

interest on. kailash =600 ans..

interest on Javed

6000×8/100x6/1= 2880ans..