If a fixed amount withdrawn on 15th day of every month, for what period the interest on total Drawings will be calculated? Post category:Accountancy Reading time:1 mins read SOLUTION 6 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Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIf a fixed amount is withdrawn on the first day of every month, for what period the interest on total drawings will be calculated? Next PostIf a fixed amount is withdrawn on the last day of every month, for what period the interest on total drawings will be calculated? You Might Also Like Atul and Mithun are partners sharing profit in ratio 3:2, Balances as on 1st April 2021 were as follows: Capital account (fixed) – Atul – 7500000 and Mithun – 2600000, Loan accounts – Atul – 300000(Cr) and Mithun – 200000(Dr). It was agreed to allow and charge interest @ 8% per annum. Partnership deed provided to allow interest on capital @ 10% per annum interest on drawing was changed 75000 each. Profit before giving effect to above was Rs. 2,28,000 for year ended 31st March 2022. Prepare profit and loss appropriation account. July 20, 2022 Why liquid ratio is considered more dependable than current ratio? October 3, 2022 On 1st June, 2017, R Energy Ltd. issued 10,000, 7% Debentures of Rs. 100 each at a discount of 10% redeemable at a premium of 10% at the end of five years. All the debentures were subscribed and allotment was made. Prepare the Balance Sheet (extract) as at 31st March, 2018. July 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Atul and Mithun are partners sharing profit in ratio 3:2, Balances as on 1st April 2021 were as follows: Capital account (fixed) – Atul – 7500000 and Mithun – 2600000, Loan accounts – Atul – 300000(Cr) and Mithun – 200000(Dr). It was agreed to allow and charge interest @ 8% per annum. Partnership deed provided to allow interest on capital @ 10% per annum interest on drawing was changed 75000 each. Profit before giving effect to above was Rs. 2,28,000 for year ended 31st March 2022. Prepare profit and loss appropriation account. July 20, 2022
On 1st June, 2017, R Energy Ltd. issued 10,000, 7% Debentures of Rs. 100 each at a discount of 10% redeemable at a premium of 10% at the end of five years. All the debentures were subscribed and allotment was made. Prepare the Balance Sheet (extract) as at 31st March, 2018. July 18, 2022
