A, B, and C are partners. During the year ended 31st March 2023, each of the partners withdrew ₹ 10,000 regularly. A withdrew in the beginning of the first 6 months
A, B, and C are partners. During the year ended 31st March 2023, each of the partners withdrew ₹ 10,000 regularly. A withdrew in the beginning of the first 6 months of the year, B withdrew in the middle of the month for the first 6 months of the year and C withdrew at the end of the month for the first 6 months.
Calculate interest on drawings @ 6% p.a. for the year ended 31st March 2023.
[Ans.: Interest on Drawings: A – ₹ 2,850; B – ₹ 2,700 and C – ₹ 2,550]
Anurag Pathak Changed status to publish April 11, 2024
