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B withdrew Rs 18000 at the beginning of the year and rate is ten percent. What is interest on drawings?

Answer and explanation

Correct answer: Rs 1800

Drawing at the beginning of the year carries interest for the full year. Ten percent of Rs 18000 is Rs 1800.

Related tags

Interest On DrawingsBeginningNumericalAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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