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19) Yasashvi and Tapashvi are partners in a firm. During the year ended on31st March 2016, Yashasvi makes the drawings as under:Date of Drawings Amount *01-08-2015 45,00031-12-2015 210,00031-03-2016 015,000Partnership Deed provided that partners are to be charged intereston drawings @ 12% p.a. Calculate the interest on drawings of Yashashviunder Product Method |
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Answer» interst = 55000 x 12/100 x1/12 = 550 Ans. |
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