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Mathew is a partner who withdrew ₹ 20,000 during the year 2018. Interest on drawings is charged at 10% per annum. Calculate interest on drawings on 31st December 2018. - Accountancy

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प्रश्न

Mathew is a partner who withdrew ₹ 20,000 during the year 2018. Interest on drawings is charged at 10% per annum. Calculate interest on drawings on 31st December 2018.

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उत्तर

Interest on drawings = `"Amount withdrawn" xx "Rate"/100 xx "Period of interest"`

= `20,000 xx 10/100 xx 6/12`

= ₹ 1,000

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पाठ 3: Accounts of partnership firms–fundamentals - Exercises [पृष्ठ ११६]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
पाठ 3 Accounts of partnership firms–fundamentals
Exercises | Q IV 14. | पृष्ठ ११६
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