Accountancy, asked by shettysharadhi, 4 months ago

Priya and Riya ane partners in a firm Priya withdraw the following
amomunt during the year aola
on 1-2-2019 5000
On-5 - 2019
10000
on 30-6-2019 8000
on 91-10-2019 12000
Interest ondrawing is to be charged at 17. pacalculate interest
on drawing for the year ending 31-12-2019​

Answers

Answered by sangeeta9470
0

Answer:

date। amount time left product

2019

1-2 5000 11 55000

1-5. 10000. 8. 80000

30-6. 8000. 6. 48000

1-10. 12000. 3. 36000

total of product. 219000

Interest on drawing =

total of product × rate × 1/12

= 219000×17/100×1/12

= 3102.5

Explanation:

on 91-10-2019 12000

as it is not clear it is 1st october or 31st october

I assume it 1st october

if it is 31st october then time left 2 months hogs

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