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Jayaraman is a partner who withdrew ₹ 10,000 regularly in the middle of every month. Interest is charged on the drawings at 6% per annum. Calculate interest on drawings for - Accountancy

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प्रश्न

Jayaraman is a partner who withdrew ₹ 10,000 regularly in the middle of every month. Interest is charged on the drawings at 6% per annum. Calculate interest on drawings for the year ended 31st December, 2018.

योग
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उत्तर

Interest on Drawings = `10,000 xx 12/24 xx 6/100 xx 12`

= ₹ 3,600

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अध्याय 3: Accounts of partnership firms–fundamentals - Short answer questions [पृष्ठ ११२]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
अध्याय 3 Accounts of partnership firms–fundamentals
Short answer questions | Q III 5. | पृष्ठ ११२
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