X, Y and Z are partners in a firm sharing profits equally. They drew Rs. 4000 each pm for first 6 months of the year. X drew at the beginning , Y drew at the end and Z at the middle of each month. Calculate interest on drawings @ 10 % pa for the accounting year 2019-20.
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X, Y and Z are partners in a firm sharing profits equally. They drew Rs. 4000 each pm for first 6 months of the year. X drew at the beginning , Y drew at the end and Z at the middle of each month. Calculate interest on drawings @ 10 % pa for the accounting year 2019-20.
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Answer:
Rs.1900, Rs.1700, Rs.1800
Explanation:
9.5 months
8.5 months
8 months
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