Question

Ram, sam and Pam are partners in a firm who made Drawings of rupees 15.000 each in the beginning, middle. and end of each quater respectively during last year. Interest on drawing are to be charged at 6%p.a. Calculate
late interest on Partners drawings​

Answer 1

Answer:

ram's drawing = 15,000

interest on ram's drawings= 15,000×6/100×2.5 = 2250

interest on Sam's drawings = 15,000×6/100×2 = 1800

interest on Pan's drawing s = 15,000×6/100×1.5 = 1350

you may also try this

all partners drawings of full year = 15,000×4 = 60,000

interest on ram's drawings = 60,000×6/100×7.5/12 = 2250

interest on sam's drawings = 60,000×6/100×6/12 = 1800

interest on Pam's drawings = 60,000×6/100×4.5/12 = 1350

Answer 2

Answer:

ram's drawing = 15,000

interest on ram's drawings= 15,000×6/100×2.5 = 2250

interest on Sam's drawings = 15,000×6/100×2 = 1800

interest on Pan's drawing s = 15,000×6/100×1.5 = 1350

you may also try this

all partners drawings of full year = 15,000×4 = 60,000

interest on ram's drawings = 60,000×6/100×7.5/12 = 2250

interest on sam's drawings = 60,000×6/100×6/12 = 1800

interest on Pam's drawings = 60,000×6/100×4.5/12 = 1350