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| Accounting for Partnership : Basic Concepts (Accountancy) | Close X |
Rishi is a partner in a firm. He withdrew the following amounts during the year ended March 31, 2007.
|
May 01, 2006 |
Rs 12,000 |
|
July 31, 2006 |
Rs 6,000 |
|
September 30, 2006 |
Rs 9,000 |
|
November 30, 2006 |
Rs 12,000 |
|
January 01, 2007 |
Rs 8,000 |
|
March 31, 2007 |
Rs 7,000 |
Interest on drawings is charged @ 9% p.a. Calculate interest on drawings.