1.

Chhavi and neha were partners in a firm sharing profit and losses equally. chhavi withdrew a fixed amount at the beginning of each quarter.interest on drawings is charged @6% p.a. At the end of the year, interest on chhavi's drawing s amounted to 900. pass necessary journal entry for charging interest on drawing.

Answer»

ANSWER:

[(900×12)×6%×5.5÷12]=297



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