English

Abhishek drew ₹ 2,00,000 during the year. If the rate of interest on drawings is 8% then interest on drawings will be ______.

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Question

Abhishek drew ₹ 2,00,000 during the year. If the rate of interest on drawings is 8% then interest on drawings will be ______.

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Solution

Abhishek drew ₹ 2,00,000 during the year. If the rate of interest on drawings is 8% then interest on drawings will be ₹ 16,000.

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Chapter 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [Page 1.143]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 1 Accounting for Partnership Firms - Fundamentals
OBJECTIVE TYPE QUESTIONS | Q (C) 15. | Page 1.143
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