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Match the following items: If interest on drawings is charged @ 8% p.a.: (i) Interest on Drawings ₹ 8,800 (ii) Interest on Drawings ₹ 10,400 (iii) Interest on Drawings ₹ 9,600

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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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Chapter 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [Page 1.145]

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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 (D) 6. | Page 1.145
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