A and B are partners in a partnership A withdrew Rs 4,000 during the as drawings Interest - Accountancy - Accounting for Partnership Basic Concepts

Question

A and B are partners in a partnership A withdrew Rs 4,000 during
the as drawings Interest on drawings is charged @15 % p a The
amount of interest on the drawings at the end of the year would be:
[Ans given: Rs 300]

Rs 300
Rs 600
Rs 1,200
Rs 150

Arjita Bhadauria · Accepted Answer

Dear Student

Correct Answer is Option A

Interest on Drawings = Total Drawings × rate/100 ×
6/12
= 4000×15/100× 6/12 = â‚¹ 300

Interest on drawings = â‚¹300

Regards

A and B are partners in a partnership. A withdrew Rs. 4,000 during the as drawings. Interest on drawings is charged @15 % p.a. The amount of interest on the drawings at the end of the year would be: [Ans given: Rs. 300] Rs. 300 Rs. 600 Rs. 1,200 Rs. 150

A and B are partners in a partnership. A withdrew Rs. 4,000 during the as drawings. Interest on drawings is charged @15 % p.a. The amount of interest on the drawings at the end of the year would be: [Ans given: Rs. 300]

Rs. 300

Rs. 600

Rs. 1,200

Rs. 150