WebCalculate interest in drawings in each of the following alternative situations-CASE 1 Jojo had withdrawn Rs.50,000 and Yoyo had withdrawn Rs.40,000 during the year. Provide … WebYoyo’s Interest on Drawings = 1,36,000 ∗ 12/100 ∗ 1/12 = 13,600 Shortcut method When same amount is withdrawn on the same date after the same interval. (3 same) Months = time after the first drawings + time after the last drawings/2 CASE 5

Illustrate how interest on drawings will be calculated …

WebThey share profits equally. Their monthly drawings are Rs 2,000 each. Interest on drawings is to be charged @ 10% p.a. Calculate interest on Menon’s drawings for the year 2006, assuming that money is withdrawn: (i) in the beginning of every month, (ii) in the middle of every month, and (iii) at the end of every month. WebDetailed explaination of different situations for calculation of Interest on Capital along such 1. Where it is not provided in the partnership deed 2. The incurs losses for the year 3. … rizeup technology training

Calculation of interest on drawings - Accounts of ... - BrainKart

WebCalculate interest on drawings of the partners using the appropriate formula. Solution: Question 24. A and B are partners sharing profits equally. A drew regularly Rs.4,000 in the beginning of every month for six months ended 30th September, 2013. Calculate interest on drawings @ 5% p.a. Solution: Question 25. A and B are partners sharing ... WebSep 12, 2024 · There are two methods to calculate interest on drawings : – Simple Method: Under this method, interest on drawings is … Web#1 Calculation Of Interest On Drawing Class 12 Session 2024-23 TS Grewal Book Chatterjee Sir Commerce Mantra 9.23K subscribers Subscribe 0 1 waiting Scheduled for Apr 3, 2024... rizeup michigan dispensary