Practicing Success
Practicing Success
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| Calculate interest on drawings of Sakshi @10% p.a. for the year ended 31st March 2021 if her drawings during the year were ₹20000 ? |
₹2000 ₹1000 ₹1500 ₹500 |
| ₹1000 |
| Drawings were made evenly throughout the year, interest on drawings has been calculated for an average period of 6 months. Interest on drawings = 20000*10/100*6/12 = ₹ 1000 |
