Accountancy, asked by kinzahparveen123, 8 months ago

Mr. X and Mr. Y started business on 1st April, 2014. Calculate the Interest on Drawings of Mr. Y @10% p.a. for the year ended 31st Dec. 2014, if he withdrew 3,600 in the beginning every of quarter.

Answers

Answered by atanusasmal0

0

3600*4*10%*7.5/12

Explanation:

Interest on Drawings= total drawings*rate of interest*7.5/12

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