Sona and Mona are partners with capital of Rs. 40,000 and Rs. 60,000 respectively as on 1st
April, 2018. During the year, Mona withdrew as under;
Rs. 2,000 on 01-05-2017
Rs. 6,000 on 31-10-2017
Rs. 4,000 on 30-11-2017
Rs. 6 000 on 01-01-2018
Calculate interest on Mona’s drawings at 12% p.a. for the year ending 31st March, 2018.
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Answer:
180 × 12 = 2160 rs according to me
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