Q. 28 (C). A, B and C started business on 1st July, 2020. Calculate interest on
drawings of Mr. C @ 9% p.a. for nine months ending 31st March, 2021, if he withdrew
10,000 p.m.
[Ans. *3,038.]
Q. 29. Calculate interest on A’s drawings:
(i) If he has withdrawn 60,000 on 1st October, 2020 and rate of interest on
drawings is 8% per annum.
(ii) If he has withdrawn 360,000 on 1st October, 2020 and rate of interest on
drawings is 8%.
Books are closed on 31st March, 2021.
Answers
Answered by
4
Answer:
6075,2400,14400
Explanation:
Q. 28) Interest on drawing = 10000(9)×9/100×9/12
= 900×81/12
= 6075
Q. 29) Interest on drawing = 60000×8/100×6/12
= 600×4
= 2400
Q. 30) Interest on drawing= 360000×8/100×6/12
= 3600×4
= 14400
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0
Answer:
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