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In a partnership firm a partner withdrew 5000 per month on the first day of every month during the year of personal expenses if interest on drawing is charged for 6% per annum the interest charge will be |
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Answer» Explanation: In a PARTNERSHIP FIRM, a partner withdrew Rs 5,000 per month on the first day of every month during the YEAR for PERSONAL USE. If interest on drawings. is charged 6% p.a. the interest charged will be: Rs 3,600. |
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