Accountancy

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Accountancy

P' and 'Q' are partners in a firm, sharing profits and losses in the ratio of 2:1. P

withdraw Rs. 2,000 per month regularly on the first day of every month during

1997 for personal purposes. If interest on drawings is charged at 12% pa. calculate

the interest on drawings of A.

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Ans)Rs1560

answered by: Advika

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