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

  • question_answer
    Calculate the interest on drawings of Mr. B @ 6% p.a. on 31st March 2021. If A & B has started a business on 1st July 2020 and During the year Mr. B withdrew an equal amount at the end of each quarter. First drawing was made on 30th September 2020 of Rs.1,000.

    A) 150 

    B) 90        

    C) 67.5     

    D) 45

    Correct Answer: D

    Solution :

    45


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