Interest on drawing

Live Chat

thevistaacademy@gmail.com

+91-9411778145

Data Analytics and Data Science institute in Dehradun Uttarakhand

Home
About Us
Course
- Data Analytics Course
- Best Data Science Course in Dehradun
All Courses
Course Applied For
Contact Us

Search for:
Book Now

Home - Quiz -
Interest on drawing

6Oct, 2021

Interest on drawing

Welcome to your Interest on drawing

If a fixed amount is withdrawn on the last day of every quarter of a calendar year, the interest on the total amount of drawings will be calculated for __________.

4.5 months

5.5 months

6 months

6.5 months

None

Interest on drawings is _________.

Expenditure for the business

Expense for the business

Gain for the business

Loss for the business

None

Charulata is a partner in a firm. She withdrew ₹10,000 in each quarter during the year ended 31st March, 2019. Interest on her drawings @ 9% p.a. will be:

₹1,350

₹2,250

₹900

₹1,800

None

A and B are partners. According to Profit and Loss Account, the net profit for the year is ₹2,00,000. The total interest on partner’s drawings is ₹1,000. As salary is ₹40,000 per year and B’s salary is ₹3,000 per month. The net profit as per Profit and Loss Appropriation Account will be :

₹1,23,000

₹1,25,000

₹1,56,000

₹1,58,000

None

Time's up

Mon-Fri 9am-6pm Mon-Fri 9am-6pm

Support Mail thevistaacademy@gmail.com

Park Road Laxman chowk Dehradun Uttarakhand