Question 15 Chapter 2 – Unimax Class 12 Part 1 – 2021

Question 15 Chapter 2 - Unimax Class 12 Part 1-2021

Question 15 Chapter 2 – Unimax Class 12 Part 1

15. Partner Z withdrew Rs. 47000 during the year. Calculate interest on drawings if rate of interest on drawings is 10% per annum.

The solution of Question 15 Chapter 2 – Unimax Class 12 Part 1:

Drawings = Rs. 47,000
Interest on drawings = Rs. 47,000 x 10% x
                                    = Rs. 2350
Note : When date of drawings is not given, interest is provided for half the year.

https://tutorstips.com/not-for-profit-organisations/

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

 

Leave a Reply

Your email address will not be published. Required fields are marked *