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Himanshu withdrews Rs. 2,500 at the end ...

Himanshu withdrews Rs. 2,500 at the end Month of each month. The Partnership deed provides for charging the interest on drawings @ 12% p.a. Calculate interest on Himanshu’s drawings for the year ending 31st December, 2017

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The correct Answer is:
Interest on Drawing Rs. 1,650
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NCERT-ACCOUNTING FOR PARTNERSHIP : BASIC CONCEPTS-Numerical Questions
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