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Question
Rahul and Shubham are partners in a partnership Rahul withdraw ₹ 4,000 during the year as drawings. Interest on drawings is charged @ 15% p.a. The amount of interest on drawings at the end of the year will be ______.
Options
₹ 300
₹ 600
₹ 1,200
₹ 150
MCQ
Fill in the Blanks
Solution
Rahul and Shubham are partners in a partnership Rahul withdraw ₹ 4,000 during the year as drawings. Interest on drawings is charged @ 15% p.a. The amount of interest on drawings at the end of the year will be ₹ 300.
Explanation:
`₹ 4,000 xx 15% xx 1/2` = ₹ 300
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Distribution of Profit Among Partners
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