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Himanshu withdrew ₹ 2,500 at the end of each month. The Partnership deed provides for charging interest on drawings @ 12% p.a. Calculate interest on Himanshu’s drawings for the year ending March 31, 2017.

[Ans: Interest on Drawings ₹ 1,650]

Anurag Pathak Changed status to publish March 25, 2024
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