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Kanika and gautam are partners doing …

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Kanika and gautam are partners doing a dry cleaning business in lacknow ,sharing profits in the ratio 2:1 with capital $500000 and 400000 respectively . kanika withdraw the following amount during the year to pay the hostel expenses of his son 1st April $10000 1st june. $ 9000 1st November. 14000 1st December. $ 5000 Gautam withdraw $ 15000 on the first day of April July , october and January to pay rent for the accommodations of his family . he also paid $ 20000 per month as rent for the office of partnership which was in a nearby shopping complex Calculate interest on drawing @ 6% p.a.

Posted by Ritik Rawat 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Priyam Agarwal 5 years, 11 months ago

The answer would be ₹1,005 and ₹2250 of Kanika n Gautam respectively

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