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Calculate Interest on Himanshu’S Drawings for the Year Ending 31st December, 2017.

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प्रश्न

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

योग
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उत्तर

Total Drawing of Himanshu = Rs 2,500 × 12 = Rs 30,000

Interest on Drawing = Total Drawings × `"Rate"/100` x `11/[2 xx 12]`

= Rs. 30,000 x `12/100` x `11/[2 xx 12]`

= Rs 1,650

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Distribution of Profit Among Partners
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Accounting for Partnership Firms-Fundamentals - Exercises [पृष्ठ १०३]

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टीएस ग्रेवाल Accountancy Double Entry Book Keeping Volume 1 and 2 [English] Class 12
अध्याय 1 Accounting for Partnership Firms-Fundamentals
Exercises | Q 32 | पृष्ठ १०३

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