[NCERT] Q 18 Accounting for Partnership Basic Concepts Solutions Class 12
Solutions of Question number 18 of Accounting for Partnership Basic Concepts NCERT Accountancy solutions Class 12 CBSE Board
Rishi is a partner in a firm. He withdrew the following amounts during the year ended March 31, 2020.
| May 01, 2019 | ₹ 12,000 |
| July 31, 2019 | ₹ 6,000 |
| September 30, 2019 | ₹ 9,000 |
| November 30, 2019 | ₹ 12,000 |
| January 01, 2020 | ₹ 8,000 |
| March 31, 2020 | ₹ 7,000 |
Interest on drawings is charged @ 9% p.a.
Calculate Interest on drawings
[Ans: Interest on Drawings ₹ 2,295]
Solution:-
