A and B are partners sharing profits equally. A drew regularly ₹ 4,000 in the beginning of every month for six months ended 30th September
A and B are partners sharing profits equally. A drew regularly ₹ 4,000 in the beginning of every month for six months ended 30th September 2022. Calculate interest on drawings @ 5% p.a. for a period of six months.
[Hint: Interest on drawings will be charged for an average period of 3.5 months on total drawings.]
Anurag Pathak Changed status to publish April 11, 2024
