How to calculate interest on drawings

Dear student. If in the question it is given that interest on drawings is: i) @ 6% (only)- In this case, as the ‘per annum’ condition is not mentioned with the rate of interest, so we need to calculate the interest on drawings without considering the time factor. ii) @ 6% p.a.- In this case, as the per annum is mentioned with the rate of interest, so the interest on drawings is to be calculated on the average basis and the period of drawings will be taken as 6 months. That is, in this case, the interest is calculated by considering the time factor and if time period is given then there are four latest method apply :- 1.If any partner withdraws every month in the first day the he will pay to firm @ given rate for 6.5 months. 2.If any partner withdraws every month in the middle of month , he will pay interest on drawing @ given rate for 6 months. 3.If any partner withdraws every month in the end of month , he will pay interest on drawing @ given rate for 5.5 months. 4.If any partner does not withdraw every month then his withdrawing month usage product will be calculated. Regards

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Refer this Video

https://youtu.be/-emObXW53nI
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it depends on the situation given in question .... there several methods to calculate according to information in question
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