A partner makes drawings of ₹ 2,500 per month. As per the Partnership Deed, interest is to be charged @ 6% p.a. What is the interest that would be charged to the partner if the drawings are made:
A partner makes drawings of ₹ 2,500 per month. As per the Partnership Deed, interest is to be charged @ 6% p.a. What is the interest that would be charged to the partner if the drawings are made:
i) in the beginning of the month
ii) in the middle of the month
iii) at the end of the month
Anurag Pathak Changed status to publish April 20, 2024