Chapter - 01 (Question - 03 Partnership firms of fundamentle principles)

 

Question - 03

Calculate the interest on drawings @ 12% per annum in the following cases:

(a) Rs. 1,000 are drawn on the first day of every month throughout the year.

(b) Rs. 1,000 are drawn on the last day of every month throughout the year.

(c) Rs. 1,000 are drawn in the middle of every month throughout the year.

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