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  3. 12th Class
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  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    Calculate interest on drawing when a partner Mr. X withdrew the fixed amount of drawing at the end of each month Interest on drawings = 550 Rate of drawings = 10% p.a. Monthly drawings made by him:

    A) 1,300 per month

    B) 1,100 per month

    C) 1,200 per month

    D) 1,000 per month

    Correct Answer: D

    Solution :

    1,000 per month


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