12th Class
Accountancy
Fundamentals of Partnership
Question Bank
MCQs - Accounting for Partnership Firm - Fundamentals
question_answer
A and B entered into the partnership on 01.09.2020. B draws an equal amount at the end of every month starting from 31.10.2020 (first drawing made on this date). Interest on drawings is charged @ 10% p.a. at the year ended 31.03.2021 Interest on B's Drawing amounting to Rs.300. Monthly Drawings of B were: