Harish is a partner in a firm. He withdrew the following amounts during the year 2017:...
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Harish is a partner in a firm. He withdrew the following amounts during the year 2017: May 1- August 1 - September 30- January 31 - March 31- 4,000 10,000 4,000 12,000 4,000 Interest on drawings is to be charged @ 7.5% p.a. Calculate the amount of interest to be charged on Harish's drawing for the year ending March 31, 2018. Harish is a partner in a firm. He withdrew the following amounts during the year 2017: May 1- August 1 - September 30- January 31 - March 31- 4,000 10,000 4,000 12,000 4,000 Interest on drawings is to be charged @ 7.5% p.a. Calculate the amount of interest to be charged on Harish's drawing for the year ending March 31, 2018.
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Date No of months till Workings Total May 1 11 months 4000 x 1112 x 7512 RS275 Augu... View the full answer
Related Book For
Brock Biology of Microorganisms
ISBN: 978-0321897398
14th edition
Authors: Michael Madigan, John Martinko, Kelly Bender, Daniel Buckley
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