Question

mention any 2 methods of calculation of interest on drawing ???


ʜᴀᴘᴘʏ ʜᴏʟɪ ɢᴜʏꜱ ☻​

Answer 1

Answer:

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• When date of Drawings is not given. Interest on Drawing = Total Drawings x Rate/100 x 6/12. Note : Interest is calculated for a period of 6 months.
• When date of Drawings is given. Interest on Drawing = Total Drawings x Rate/100 x Time Left after drawings/12.

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