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How is interest on drawings on unequal amounts drawn at unequal intervals calculated?

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

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

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Anurag Pathak28.37K April 9, 2023 0 Comments

How is interest on drawings on unequal amounts drawn at unequal intervals calculated?

Anurag Pathak Changed status to publish April 9, 2023

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Anurag Pathak28.37K Posted April 9, 2023 0 Comments

Answer:-

When the dates of drawings are given and the interest is to be charged at an agreed rate per annum, interest will be calculated on the basis of time.

Anurag Pathak Changed status to publish April 9, 2023

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Anurag Pathak

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