Gopal is a partner in a firm. He withdrew ₹ 1,000 p.m. regularly on the first day of every month during the year ended 31st March, 2024 for personal expenses
Gopal is a partner in a firm. He withdrew ₹ 1,000 p.m. regularly on the first day of every month during the year ended 31st March, 2024 for personal expenses. If interest on drawings is charged @ 15% p.a. Calculate the interest on the drawings of Gopal.
[Ans. Interest on Drawings ₹ 975.]
Anurag Pathak Answered question May 24, 2024