W 72,000 during the year;
(v) If he withdrew as follows:
30th April, 2015
10,000
1st July, 2015
15,000
Ist Oct., 2015
18,000
30th Nov., 2015
12,000
31st March, 2016
20,000
(vi) If he withdrew 12,000 in the beginning of each quarter;
(vii) If he withdrew 18,000 at the end of each quarter;
(viii) If he withdrew 318,000 during the middle of each quarter.
[Ans. Case (i) 2,340; Case (ii) 2,475; Case (iii) *3,240; Case (iv) 3244
(v) 3,008: Case (vi) 2,700; Case (vii) 2,430, Case (viii) *3,240.]
28 (A). Gupta is a partner in a firm. He drew regularly 800 at the begin
of every month for the six months ending 31st March, 2018. Calculate intere
drawings at 15% p.a.
[Ans. Interest on Drawings 210.]
B. 28 (B). Gupta is a partner in a firm. He drew regularly 800 at the end of
month for the six months ending 31st March, 2018. Calculate interest on draw
15% p.a.
Answers
Answer:
W 72,000 during the year;
(v) If he withdrew as follows:
30th April, 2015
10,000
1st July, 2015
15,000
Ist Oct., 2015
18,000
30th Nov., 2015
12,000
31st March, 2016
20,000
(vi) If he withdrew 12,000 in the beginning of each quarter;
(vii) If he withdrew 18,000 at the end of each quarter;
(viii) If he withdrew 318,000 during the middle of each quarter.
[Ans. Case (i) 2,340; Case (ii) 2,475; Case (iii) *3,240; Case (iv) 3244
(v) 3,008: Case (vi) 2,700; Case (vii) 2,430, Case (viii) *3,240.]
28 (A). Gupta is a partner in a firm. He drew regularly 800 at the begin
of every month for the six months ending 31st March, 2018. Calculate intere
drawings at 15% p.a.
[Ans. Interest on Drawings 210.]
B. 28 (B). Gupta is a partner in a firm. He drew regularly 800 at the end of
month for the six months ending 31st March, 2018. Calculate interest on draw
15% p.a.