Home
Class 12
ACCOUNTS
Y is a partner in a firm. He withdraw re...

Y is a partner in a firm. He withdraw regularly Rs.3,000 at the end of every month for the six months ending 31st March, 2019. If interest on drawings is charged @10% p.a. the interest charged will be :

A

Rs.375

B

Rs.450

C

Rs.525

D

Rs.900

Text Solution

Verified by Experts

The correct Answer is:
A
Promotional Banner

Topper's Solved these Questions

  • ACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS

    DK GOEL|Exercise Multiple Choice Questions (vii) Adjustments in the Closed Accounts (HOTS)|12 Videos

  • ACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS

    DK GOEL|Exercise Multiple Choice Questions (viii) Guarantee of Profit to a Partner (HOTS)|13 Videos

  • ACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS

    DK GOEL|Exercise Multiple Choice Questions (v) Interest on Capital (HOTS)|6 Videos

  • ACCOUNTING RATIOS

    DK GOEL|Exercise Multiple Choice Questions (Profitability Ratios)|13 Videos

Similar Questions

Explore conceptually related problems

Z is a partner in a firm. He withdraw regularly Rs.2,000 at the beginning of every month for the six months ending 31st March, 2019. If interest on drawings is charged @8% p.a. the interest charged will be :

X is a partner in a firm. He withdrew regularly Rs.1,000 at the beginning of every month for the six months ending 31st March, 2019. If interest on drawings is charged @8% p.a. the interest charged will be :

Ajay is a partner in a firm. He withdrew Rs.2,000 per month on the last day of every month during the year ended 31st March, 2019. If interest on drawings is charged @9% p.a. the interest charged will be :

In a partnership firm, a partner withdraw Rs.5,000 per month on the first day of every month during the year for personal expenses. If interest on drawings is charged @6% p.a. the interest charged will be :

Bipasa is a partner in a firm. She withdraw Rs.6,000 at the end of each quarter during the year ended 31st March, 2019. Interest on her drawings @10% p.a. will be :

Anuradha is a partner in a firm. She withdraw Rs.6,000 in the beginning of each quarter during the year ended 31st March, 2019. Interest on her drawings @10% p.a. will be :

Vikas is a partner in a firm. His drawings during the year ended 31st March, 2019 were Rs.72,000. If interest on drawings is charged @9% p.a. the interest charged will be :

Bharam is a partner in a firm. He withdraws Rs. 3,000 at the starting of each month for 12 months. The books of the firm closes on March 31 every year. Calculate interest on drawings if the rate of interest is 10% p.a.

Charulata is a partner in a firm. She withdraw Rs.10,000 in each quarter druing the year ended 31st March, 2019. Interest on her drawings @9% p.a. will be:

DK GOEL-ACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS -Multiple Choice Questions (vi) Interest on Drawings (HOTS)
  1. If a fixed amount is withdrawn by a partner on the last day of every m...

    Text Solution

    |

  2. If a fixed amount is withdrawn by a partner in the middle of every mon...

    Text Solution

    |

  3. In a partnership firm, a partner withdraw Rs.5,000 per month on the fi...

    Text Solution

    |

  4. Ajay is a partner in a firm. He withdrew Rs.2,000 per month on the las...

    Text Solution

    |

  5. Ajay is a partner in a firm. He withdrew Rs.2,000 per month on the las...

    Text Solution

    |

  6. If fixed amount is withdrawn by a partner on the first day of each qua...

    Text Solution

    |

  7. If a fixed amount is withdrawn by a partner on the last day of each qu...

    Text Solution

    |

  8. If a fixed amount is withdrawn by a partner in the middle of each quar...

    Text Solution

    |

  9. Anuradha is a partner in a firm. She withdraw Rs.6,000 in the beginnin...

    Text Solution

    |

  10. Bipasa is a partner in a firm. She withdraw Rs.6,000 at the end of eac...

    Text Solution

    |

  11. Charulata is a partner in a firm. She withdraw Rs.10,000 in each quart...

    Text Solution

    |

  12. If equal amount is withdrawn by a partner in the beginning of each mon...

    Text Solution

    |

  13. If equal amount is withdrawn by a partner in the end of each month dur...

    Text Solution

    |

  14. If equal amount is withdrawn by a partner in middle of each month duri...

    Text Solution

    |

  15. X is a partner in a firm. He withdrew regularly Rs.1,000 at the beginn...

    Text Solution

    |

  16. Y is a partner in a firm. He withdraw regularly Rs.3,000 at the end of...

    Text Solution

    |

  17. Z is a partner in a firm. He withdraw regularly Rs.2,000 at the beginn...

    Text Solution

    |

  18. A partner withdraws Rs.8,000 each on 1st April and 1st Oct. Interest o...

    Text Solution

    |

  19. A partner draws Rs.2,000 each on 1st April 2018, 1st July 2018, 1st Oc...

    Text Solution

    |

  20. A partner withdraws from firm Rs.7,000 at the end of each month. At th...

    Text Solution

    |