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12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    Money withdrawn against the anticipated profits, by a partner for personal use on 1st July 2019 Rs. 10,000 and interest on drawings is 6% p.a. (Books are closed on 31st March) The amount of interest will be rupees:

    A) 600

    B) 450      

    C) 350

    D) No interest will be charged

    Correct Answer: B

    Solution :

    450


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