2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

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

  • question_answer
    Calculate interest on drawings of Mr. A @ 10% p.a. from the following information
    01.04.2020 Drawings 5,000
    30.06.2020 Drawings 6,000
    31.08.2020 Withdrawal of capital  10,000
    01.12.2020 Drawings 1,500
    Interest on drawings on 31st March 2021 will be:

    A) 1200

    B) 1583

    C) 1683

    D) 1000

    Correct Answer: D

    Solution :

    1000


You need to login to perform this action.
You will be redirected in 3 sec spinner