Question: Using the following information answer the questions 4 and 5 Mihiri. Bimali and Nisuri are partners who share profits equally. During the year ended 31.03.2019.

Using the following information answer the questions 4 and 5 Mihiri.

Bimali and Nisuri are partners who share profits equally. During the year

Using the following information answer the questions 4 and 5 Mihiri. Bimali and Nisuri are partners who share profits equally. During the year ended 31.03.2019. partners had made drawings as follows. Mihiri Rs. 3,000 at end of every month. Bimali Rs. 2,500 at the end of every quarter Nisuri Rs. 4,000 at the middle of every quarter Interest rate charged on drawings according to the agreement is 11% per annum. hess 5. The interest on drawings of partner Nisuri for the year ending 31.03.2019 is: a. Rs. 660 b. Rs. 880 c. Rs. 800 d. Rs. 953 6 4000 x 0.11 x = 220

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