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
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