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Question
Match the following items:
If interest on drawings is charged @ 8% p.a.:
| (i) | Interest on Drawings ₹ 8,800 | (a) | Withdrew ₹ 20,000 in the beginning of every month |
| (ii) | Interest on Drawings ₹ 10,400 | (b) | Withdrew ₹ 20,000 every month |
| (iii) | Interest on Drawings ₹ 9,600 | (c) | Withdrew ₹ 20,000 at the end of every month |
| (iv) | Interest on Drawings ₹ 12,000 | (d) | Withdrew ₹ 60,000 in the beginning of every quarter |
Match the Columns
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Solution
| (i) | Interest on Drawings ₹ 8,800 | (c) | Withdrew ₹ 20,000 at the end of every month |
| (ii) | Interest on Drawings ₹ 10,400 | (a) | Withdrew ₹ 20,000 in the beginning of every month |
| (iii) | Interest on Drawings ₹ 9,600 | (b) | Withdrew ₹ 20,000 every month |
| (iv) | Interest on Drawings ₹ 12,000 | (d) | Withdrew ₹ 60,000 in the beginning of every quarter |
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