Bharam is a partner in a firm. He withdraws ₹ 3,000 at the starting of each month for 12 months

Anurag Pathak
March 25, 2024
[NCERT] Accountancy Class 12, [NCERT] Fundamentals

Anurag Pathak 24.18K March 25, 2024 0 Comments

Bharam is a partner in a firm. He withdraws ₹ 3,000 at the starting of each month for 12 months. The books of the firm are closed on March 31 every year. Calculate interest on drawings if the rate of interest is 10% p.a.

[Ans: Interest on Drawings, ₹ 1,950]

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