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

  • question_answer
    Mr. Parkar (a partner) drew an equal amount at the end of each half year (he withdrew his last amount of Rs.8,000 on 31st March 2021). Interest was calculated on his drawings was Rs.320. What is the rate of interest on drawings?

    A) 6% p.a.

    B) 8% p.a.

    C) 10% p.a.

    D) 12% p.a.

    Correct Answer: B

    Solution :

    8% p.a.


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