Read the information carefully and answer the questions.

A partner withdrew money during the year ending March 31, 2020 from his capital account, for his personal use.

The amounts withdrawn were : ₹12,000 on June 01, 2019, ₹8,000; on August 31, 2019, ₹3,000; on September 30, 2019, ₹7,000, on November 30, 2019, and ₹6,000 on January 31, 2020.

Calculate interest on drawings, if the rate of interest is 9 percent per annum.

Calculate interest on drawings for the amount ₹6,000 on January 31, 2019.

₹90

The correct answer is option 1- ₹90.

Amount withdrawn on Jan 31, 2020 = ₹6,000
Interest rate = 9% p.a.
Interest will be calculated from 31 Jan 2020 to 31st March 2020 i.e. 2 months

Interest on drawings = 6,000 x 9/100 x 2/12
                               = 90

xxxxx

Note: There seems to be a typo error in the NTA question. As per the comprehension passage, the year should be 2020, instead of 2019 as asked in the question. The calculation has been done considering the year as 2020.