A partner makes a drawing of Rs3000 per month Under the partnership deed , interest is to be - Accountancy - Accounting for Partnership Basic Concepts

Question

A partner makes a drawing of Rs3000 per month Under the partnership
deed , interest is to be changed at 5% p a What is the interest
that should be changed to the partner if the drawing is made:
a) In the beginning of the month
b) In the middle of the month
c) At the end of the month

Jayati Jawa · Accepted Answer

Hi Jaiwi

Such kind of questions have been extensively covered in the study
material available on our website Follow the link given below to
view:

https://www meritnation
com/cbse/class12-commerce/studymaterial/accountancy/partnership-accounts/accounting-for-partnership--basic-concepts/435_2429_7810#slide5_interest-on-partners-drawings

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A partner makes a drawing of Rs3000 per month . Under the partnership deed , interest is to be changed at 5% p.a . What is the interest that should be changed to the partner if the drawing is made: a) In the beginning of the month b) In the middle of the month c) At the end of the month

A partner makes a drawing of Rs3000 per month . Under the partnership deed , interest is to be changed at 5% p.a . What is the interest that should be changed to the partner if the drawing is made:
a) In the beginning of the month
b) In the middle of the month
c) At the end of the month