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A partner draws Rs 1,000 per month. Under the partnership deed, interest on partners drawings is to be charged 12% p.a. Calculate interest that should be charged from him if he withdraws : (i) In the beginning of every quarter. (ii) Middle of every quarter. (iii) End of every quarter. |
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Answer» A partner draws Rs 1,000 per month. Under the partnership deed, interest on partners drawings is to be charged 12% p.a. Calculate interest that should be charged from him if he withdraws : (i) In the beginning of every quarter. (ii) Middle of every quarter. (iii) End of every quarter. |
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