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Question
Match the following items:
If interest on drawings is charged @ 12% p.a.:
| (i) | Partner withdrew ₹ 10,000 in the beginning of every month. | (a) | Interest on Drawings ₹ 7,200 |
| (ii) | Partner withdrew ₹ 10,000 every month. | (b) | Interest on Drawings ₹ 3,000 |
| (iii) | Partner withdrew ₹ 10,000 in the beginning of every quarter. | (c) | Interest on Drawings ₹ 7,800 |
| (iv) | Partner withdrew ₹ 10,000 at the end of every month | (d) | Interest on Drawings ₹ 6,600 |
Match the Columns
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Solution
| (i) | Partner withdrew ₹ 10,000 in the beginning of every month. | (c) | Interest on Drawings ₹ 7,800 |
| (ii) | Partner withdrew ₹ 10,000 every month. | (a) | Interest on Drawings ₹ 7,200 |
| (iii) | Partner withdrew ₹ 10,000 in the beginning of every quarter. | (b) | Interest on Drawings ₹ 3,000 |
| (iv) | Partner withdrew ₹ 10,000 at the end of every month | (d) | Interest on Drawings ₹ 6,600 |
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