Accountancy

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Accountancy

Fixed amount is withdrawn on the first day of the month 6.5 . Rajan a partner in a firm withdraws rs 3000 for month. Regularly only the first day of every month. Interest is 12% . Calculate interest on drawings

Accountancy

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Answer 1

Answer #1

Interest on drawings= 3000×12=36000

=36000×6.5/12×100

=2340

answered by: Advika

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Answer 2

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