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Using the following information answer the questions 4 and 5 Mihiri. Bimali and Nisuri are partners who share profits equally

hess 5. The interest on drawings of partner Nisuri for the year ending 31.03.2019 is: a. Rs. 660 b. Rs. 880 c. Rs. 800 d. Rs.

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Answer #1

Calculation for interest on drawings for Nisuri

Total Amount of drawings = Rs. 4000 × 4

=Rs. 16000

Average Period = 6 months

Amount of interest on drawings = 16,000 × 11% × \frac{6}{12} ​​​​​​

=16000 × \frac{11}{100} × \frac{6}{12}

= Rs. 880.

Answer is option (c) Rs. 880

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