1.

Mr.ashok Gupta is a partner in a firm.he withdrew the following amounts during the year ended 31 st march 2018.RsApril 30. 8,000 June 30 6,000Sept 30. 5,000Dec 31. 12,000 Jan.31. 10,000Calculate interest on drawing @9%p.a for the year ended on 31st march,2018.

Answer»

Answer:

660+262.5+450+360+225=1957.5

Explanation:

  1. APRIL 30 : 8000*0.09*11/12 =660
  2. June 30 :5000*0.09*10/12 = 450
  3. sept 30 : 6000*0.09*7/12 =262.5
  4. Dec 31 : 12000*0.09*4/12 =360
  5. Jan 31 : 10000*0.09*3/12 =225


Discussion

No Comment Found

Related InterviewSolutions