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प्रश्न
As per the partnership deed, interest on drawings is to be charged @ 7% p.a. Sohan, a partner of the firm, withdrew the following amounts during the year ended 31st March, 2024:
| Date | 6th August, 2024 | 22nd November, 2024 | 14th January, 2024 | 10th March, 2024 |
| Amount (₹) | 12,000 | 10,000 | 18,000 | 27,000 |
What will be the amount of interest on Sohan’s drawings?
संख्यात्मक
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उत्तर
| Date | Amount (₹) | No. of Days upto 31st March | Products (₹) |
| 6th August, 2024 | 12,000 | 238 | 28,56,000 |
| 22nd November, 2024 | 10,000 | 130 | 13,00,000 |
| 14th January, 2024 | 18,000 | 77 | 13,86,000 |
| 10th March, 2024 | 27,000 | 22 | 5,94,000 |
| 67,000 | 61,36,000 |
Interest on Drawings = `"Total of Products" xx "Rate"/100 xx 1/"Days in a year"`
= `61,36,000 xx 7/100 xx 1/365`
= 1,176.767
= 1,177
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