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प्रश्न
Bharam is a partner in a firm. He withdraws Rs 3,000 at the starting of each month for 12 months. The books of the firm closes on March 31 every year. Calculate interest on drawings if the rate of interest is 10% p.a.
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उत्तर
Total Drawing of Bharam = Rs 3,000 ×12 = Rs 36,000
Interest on Drawing = `"Total Drawings" × "Rate"/100 xx 13/ (2 xx 12)`
`= "Rs" 36000 xx 10/100 xx 13/(2 xx 12)`
= Rs 1950
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|
Rs |
|
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|
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|
Rakesh |
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Rs. |
|
|
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|
|
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|
|
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|
Rakesh |
Month |
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|
|
May 31, 2016 |
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|
|
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|
|
August 31, 2016 |
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