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प्रश्न
Santhosh is a partner in a partnership firm. As per the partnership deed, interest on drawings is charged at 6% per annum. During the year ended 31st December, 2018 he withdrew as follows:
| Date | ₹ |
| February 1 | 2,000 |
| May 1 | 10,000 |
| July 1 | 4,000 |
| October 1 | 6,000 |
Calculate the amount of interest on drawings.
उत्तर
Interest on Drawings = Amount × Rate of Interest × Period
Feb 1 = `2,000 xx 6/100 xx 11/12` = ₹ 110
May 1 = `10,000 xx 6/100 xx 8/12` = ₹ 400
July 1 = `4,000 xx 6/100 xx 6/12` = ₹ 120
Oct 1 = `6,000 xx 6/100 xx 3/12` = ₹ 90
Interest on Drawings = 110 + 400 + 120 + 90 = ₹ 720
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संबंधित प्रश्न
In the absence of an agreement among the partners, interest on capital is ___________.
When a partner withdraws regularly a fixed sum of money at the middle of every month, the period for which interest is to be calculated on the drawings on an average is ___________.
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