what is the interest on drawing of partner for a partner
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lAs per the partnership deed, interest on drawings is charged at 12% p.a. During the year ended 31st December 2018 he drew as follows: Calculate the amount of interest on drawings. Rajan is a partner who withdrew ₹ 30,000 during the year 2018. Interest on drawings is charged at 10% per annum
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Explanation:
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