Calculate interest on A’s drawings: (i) If he has withdrawn ₹ 60,000 on 1st October, 2022 and rate of interest on drawings is 8% per annum
Calculate interest on A’s drawings:
(i) If he has withdrawn ₹ 60,000 on 1st October, 2022 and rate of interest on drawings is 8% per annum.
(ii) If he has withdrawn ₹ 60,000 on 1st October, 2022 and rate of interest on drawings is 8%.
Books are closed on 31st March, 2023.
[Ans. Case (i) ₹ 2,400; Case (ii) ₹ 4,800.]
Anurag Pathak Answered question May 24, 2024
