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  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. X @ 8% p.a. from the following information as on 31.03.2021 Drawings on 15.04.2020 = 12,000 After 15.04.2020 Mr. X has withdrawn Rs.10,000 at the beginning of each month Interest on his drawings will be:

    A) 6,120

    B) 5,320

    C) 5,720

    D) 5,520

    Correct Answer: B

    Solution :

    5,320


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