CBSE Class 12-commerce Answered
31 Aand Bare partners sharing profits equally. A drew regularly 4,000 in the beginning of every month for it months ended 30th September, 2018. Calculate interest on drawings @ 596 p.a. for a period of six months (Ans.: Interest on Drawings- 350
Asked by rr2413807 | 15 Jun, 2020, 10:50: AM
Expert Answer
The information provided is incomplete to calculate the interest on drawaings for the mentioned partners.
However, complete solutions along with the detailed workings for all similar questions are provided on our website under chapter-wise Text Book Solutions.
Detailed revision notes and practice questions can be also be referred under the chapter Accounting for Partnership: Basic Concepts
Answered by Surabhi Gawade | 15 Jun, 2020, 12:21: PM
Concept Videos
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Special Aspects: Interest on Partners' Drawings
This video explains the Meaning and Treatment of Interest on Drawings along... -
Special Aspects: Interest on Partners' Capital
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