question_answer

You are required to answer the following questions 17 to 22:

Vinod, Gagan, Rajni and Simran are partners sharing profits and losses in the ratio of 4:3:2:1. Respectively.

They have withdrawn the following amounts for their personal use.

Vinod withdrew Rs.6,000 during the year against anticipated profit and Rs.20,000 against his capital.

Gagan withdrew Rs.1,000 in the beginning of each month for nine months ending 31st March 2021.

Rajni withdrew Rs.2,000 in the middle of each month for nine months ending 31st March 2021.

Simran withdrew Rs.3,000 at the end of each month for nine months ending 31st March 2021.

Interest on drawings is to be charged @10% p.a.

Interest on Vinod's Drawings will be:

A) 600

B) 300

C) 500

D) 250