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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
    What will be the Interest on drawing of Mr. Z from the following information as on 31.03.2021 Mr. Z withdrew Rs.1200 per month at the middle of each month Partnership deed is silent on interest on drawings. Interest on drawings:

    A) 432 

    B) 864      

    C) 720  

    D) No interest on drawings

    Correct Answer: D

    Solution :

    No interest on drawings


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