1.

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.

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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