A partner draws Rs.2,000 each on 1st Apr...

A partner draws Rs.2,000 each on 1st April 2018, 1st July 2018, 1st October, 2018 and 1st Jaunary 2019. For the year ended 31st March, 2019 interest on drawings @8% per annum will be :

Rs.540

Rs.320

Rs.960

Rs.400

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DK GOEL-ACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS -Multiple Choice Questions (vi) Interest on Drawings (HOTS)

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