calulate the interest on drawings of mr. ashok@ 10% p.a for the year ended 31stmarch, 2014 in each of the followingalternative cases:
case:1 if he withdrew rs7,500 in the begining of each quater
case:2 if he withdrew rs 7,500 at the end of each quater.
case:3 if he withdrew rs7,500 during the middle of each quarter .

Dear Student,

Various cases for Calculation of Interest on Drawings when equal amount is withdrawn every quarter is already covered in our study material. It is advisable that you go through them and in case you find any difficulty, you can always get back to us.

Link for the said study material: https://www.meritnation.com/cbse/class12-commerce/studymaterial/accountancy/partnership-accounts/accounting-for-partnership-basic-concepts/435_2429_7810#slide1_Interest on Partners' Drawings

Scroll Down to Heading: "2. When equal amount is withdrawn Quarterly"

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