Manju and gagan are partners sharing profot and loss equally. Manju drew regularly Rs. 1200 at the end of every month for the year ending 31 march 2013.Calculate Interest on drawings at 6% per annum under product method?

Formula
Total drawings x rate /100 x5.5/12
14400 x 6/100 x 5.5/12 = 396
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Accountancy 2nd chapter product method question answer
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Answer
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Manjur angana are partners sharing profit and loss equally Manju drawings 1200 at the end of every month for the year ending 31 1st March 2013 calculate interest on Manju drawings at 6% payanam under the product method
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