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Brij and Mohan are partners in a firm. They withdrew ₹ 48,000 and ₹ 36,000 respectively during the year evenly in the middle of every month. According to the partnership agreement, interest on drawings is to be charged 10% p.a.Calculate interest on drawings of the partners using the appropriate formula.

Answer» Brij and Mohan are partners in a firm. They withdrew ₹ 48,000 and ₹ 36,000 respectively during the year evenly in the middle of every month. According to the partnership agreement, interest on drawings is to be charged 10% p.a.

Calculate interest on drawings of the partners using the appropriate formula.


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