Question

Kapur and sharma are partners in partnership firm. Calculate the interest on drawings of kapur and sharma @ 10% p.a. for the year ending on 31st December 2013. Kapur withdrew Rs. 2,000/- per month in the beginning where as sharma withdrew same amount at the end of every month
a)Kapur Rs. 2,400, sharma Rs. 2,400
b) Kapur Rs. 1,100, sharma Rs. 1,300
c)Kapur Rs. 1,200, sharma Rs. 1,200
d) Kapur Rs. 1,300, sharma Rs. 1,100

Answer 1

Answer:

Option d is the correct answer