Give one reason why partners are charged interest on drawings.

Anurag Pathak
April 9, 2023
[CBSE] Fundamentals of Partnership Firm, Accountancy Class 12th

728 viewsApril 9, 2023[CBSE] Fundamentals of Partnership Firm Accountancy Class 12th

Anurag Pathak28.31K April 9, 2023 0 Comments

Give one reason why partners are charged interest on drawings.

Anurag Pathak Changed status to publish April 9, 2023

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Anurag Pathak28.31K Posted April 9, 2023 0 Comments

Partners are charged interest on Drawings because drawings are made against anticipated share of profit for the year and share of profit becomes due at the end of the financial year.

Anurag Pathak Changed status to publish April 9, 2023

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Give one reason why partners are charged interest on drawings.

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Anurag Pathak

1 Answer

Anurag Pathak

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