Shiva and Shankar are partners in a firm Shiva's drawings for the year 2016 to 17 are given below: - Accountancy - Dissolution of Partnership Firm

Question

Shiva and Shankar are partners in a firm Shiva's drawings for the
year 2016 to 17 are given below:
Rs 5000 on 1/05/2016
Rs 7000 on 31/08/2016
Rs 3000 on 31/12/2016
Rs 4000 on 1/02/2017
Calculate interest on drawings at 12% per annum for the year ending
31/03/2017 under product method

Akash · Accepted Answer

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Shiva and Shankar are partners in a firm. Shiva's drawings for the year 2016 to 17 are given below: Rs. 5000 on 1/05/2016 Rs. 7000 on 31/08/2016 Rs. 3000 on 31/12/2016 Rs. 4000 on 1/02/2017 Calculate interest on drawings at 12% per annum for the year ending 31/03/2017 under product method.

Shiva and Shankar are partners in a firm. Shiva's drawings for the year 2016 to 17 are given below:
Rs. 5000 on 1/05/2016
Rs. 7000 on 31/08/2016
Rs. 3000 on 31/12/2016
Rs. 4000 on 1/02/2017
Calculate interest on drawings at 12% per annum for the year ending 31/03/2017 under product method.