Give the average period, in months, for charging interest on drawings of a fixed amount withdrawn at the beginning of each quarter. Post category:Accountancy Reading time:1 mins read SOLUTION 7.5 Months. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive the average period, in months, for charging interest on drawings of a fixed amount, withdrawn at the end of each quarter. (C.B.S.E. 2020 C) Next PostTom and Harry were partners in a firm sharing profits in the ratio of 5: 3. During the year ended 31st March, 2015 Tom had withdrawn Rs. 40,000. Interest on his drawings amounted to Rs. 2,000. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fluctuating. (AI 2016) You Might Also Like State any one difference between Sacrificing Ratio and Gaining Ratio. (C.B.S.E. 2020 C) October 8, 2022 State the impact of ‘Hills Receivable discounted dishonoured on due date’ on the liquid ratio of 0.75: 1. Also give reason in support of your answer. (C.B.S.E. 2020. Mumbai. Chennai) October 3, 2022 From the following Balance Sheet of Akash Ltd. as at 31st March 2014: August 20, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State any one difference between Sacrificing Ratio and Gaining Ratio. (C.B.S.E. 2020 C) October 8, 2022
State the impact of ‘Hills Receivable discounted dishonoured on due date’ on the liquid ratio of 0.75: 1. Also give reason in support of your answer. (C.B.S.E. 2020. Mumbai. Chennai) October 3, 2022
