One of the partners in a partnership firm has withdrawn ₹ 9,000 at the end of each quarter, throughout the year. Calculate interest on drawings at the rate of 6% per annum.
One of the partners in a partnership firm has withdrawn ₹ 9,000 at the end of each quarter, throughout the year. Calculate interest on drawings at the rate of 6% per annum.
[Ans: Interest on Drawings – ₹ 810]
Anurag Pathak Changed status to publish April 11, 2023
Solution:-
Anurag Pathak Changed status to publish March 17, 2024
I have multiplied 9,000 to 4, plz watch carefully.
Hey
I saw your answer… Your a swer is Wright bug step is wrongu should have multipled 9000×4 as they are 4 quarters…. Which is 36000…. The reason we are doing this is we have to to calculate non the total drawings. But the other ans is 810. Pls don’t repeat this again.