Prem and Priya, two partners draw for their personal use ₹ 60,000 and ₹ 40,000 respectively. Interest is chargeable @ 6% p.a. on the drawings

Anurag Pathak
April 15, 2023
[ISC] Fundamentals of Partnership, [ISC} TS Grewal Solutions, Accountancy Class 12th

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Anurag Pathak 24.11K April 15, 2023 0 Comments

Prem and Priya, two partners draw for their personal use ₹ 60,000 and ₹ 40,000 respectively. Interest is chargeable @ 6% p.a. on the drawings. Determine the amount of interest chargeable from each partner.

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