1.

Maruti and Patil are partners in a firm sharing profits and losses in the ratio of 3 is to 2 Maruti withdrawn rupees 4000 quarterly at the beginning of each quarter calculate the interest on drawings at 9% per annum for the year ending 31st March 2017 under product method

Answer»

EXPLANATION:

Maruti and Patil are PARTNERS in a FIRM sharing profits and LOSSES in the ratio of 3 is to 2 Maruti withdrawn rupees 4000 quarterly at the beginning of each quarter calculate the INTEREST on drawings at 9% per annum for the year ending 31st March 2017 under product method



Discussion

No Comment Found

Related InterviewSolutions