Question

Mr.ashok Gupta is a partner in a firm.he withdrew the following amounts during the year ended 31 st march 2018.
Rs
April 30. 8,000 June 30 6,000
Sept 30. 5,000
Dec 31. 12,000 Jan.31. 10,000
Calculate interest on drawing @9%p.a for the year ended on 31st march,2018.

Answer 1

Answer:

660+262.5+450+360+225=1957.5

Explanation:

1. April 30 : 8000*0.09*11/12 =660
2. June 30 :5000*0.09*10/12 = 450
3. sept 30 : 6000*0.09*7/12 =262.5
4. Dec 31 : 12000*0.09*4/12 =360
5. Jan 31 : 10000*0.09*3/12 =225

Answer 2

Explanation:

Mr Ashok Gupta is a partner in a firm he windrew the following amounts during the year ended 31 March 2014