Question

The partnership deed provided that interest on partners' drawings will be charged @ 9% p.a. During the year
ended March, 2018, a partner withdraw * 5,000 in the beginning of each quarter. In this case the amount of
interest on partners drawings will be-
(a) * 1,800
(b) ₹900
(c) 7 1,350
(d) 1,125.
​


ANSWER:-Answer:

(d). 1,125

Interest on Drawings will be ₹ 1,125

Explanation:

If drawings are made in the beginning of each quarter :

Average period = 7.5

Total amount of drawings = 5,000 x 4 = ₹ 20,000

Interest on drawings = Total amount of drawings × Rate of interest × Average period / 12

Interest on drawings =

\sf{Total \: amount \: of \: drawings \: \times \: \dfrac{Rate \: of \: interest}{100} \: \times \: \dfrac{Average \: period}{12}}Totalamountofdrawings×
100
Rateofinterest
​
×
12
Averageperiod
​


\sf{\longrightarrow{20000 \: \times \: \dfrac{9}{100} \times \: \dfrac{7.5}{12}}}⟶20000×
100
9
​
×
12
7.5
​


\sf{\longrightarrow{1125}}⟶1125

Interest on drawings = 1,125

∴ Interest on Drawings will be ₹ 1,125​

Answer 1

Answer:

whts your question bro can we be friends pls

Answer 2

Step-by-step explanation:

kya tum bhi Question and ans dono de dete ho.

Yrr hm logo ko bhi chance diya karo.