Gupta is a partner in a firm He drew regularly Rs , 800 at the beginning of every month - Accountancy - Accounting for Partnership Basic Concepts

Question

Gupta is a partner in a firm He drew regularly Rs , 800 at the
beginning of every month forthe six months ending 30thJune 2013
Calculate interest on drawings at 15%p a pl provide answer soon

Jayati Jawa · Accepted Answer

Dear Student,
Drawings for 6 months = 6×800 = 4,800
Average period for drawings =
time interval after first drawing + time interval after last drawing2=6+12=3
5
Therefore interest on Drawings = 4,800×3
512×15100=210
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Gupta is a partner in a firm. He drew regularly Rs., 800 at the beginning of every month forthe six months ending 30thJune 2013. Calculate interest on drawings at 15%p.a... pl provide answer soon