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If a partner withdrew rs 6000 …

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If a partner withdrew rs 6000 at 12%p.a. calculate interest on drawing when the business is running from 1oct 2018.

    • Posted by Sachin Upreti 6 years, 1 month ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Sachin Upreti 6 years ago

    1 oct is not a withdrawal date, date is not mentioned here so we calculate interest on half of the given time period which is 3 months

    0Thank You

    Mahesh Kumar 6 years, 1 month ago

    6000×12/100×6/12=360

    0Thank You

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