Question

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.​

Answer 1

Answer:

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.

Answer 2

Answer:

Rs.1900, Rs.1700, Rs.1800

Explanation:

9.5 months

8.5 months

8 months