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
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