Accounting for partnership firms fundamentals

If equal amount is withdrawn by partner in the beginning of each month during a month of 6 months interest on the total amount will be charged for......month

• 2.5

• 3

• 3.5

• 6

If equal amount withdrawn by partner in the end of each month during a period of 6 months, interest on the total amount will be charged for.......month

• 2.5

• 3

• 3.5

• 6

If equal amount is withdrawn by a partner in each month during a period of 6 months ,interest on the total amount will be charged for ......months

• 6

• 3

• 2.5

• 3.5

X is a partner in a firm .he withdrew regularly Rupees 1000 at the beginning of every month for 6 months ending 31st March 2016 if interest on drawing is charge @ 8% per annum the interest charged will be

• 240

• 140

• Hundred

• 120

Y is a partner in a Firm. He withdrew regularly 3,000 rupees at the end every month for six months ending 31st March 2016 if interest on drawing is charged @ 10% per annum the interest charged will be

• 375

• 450

• 525

• 900

Z is a partner firm. he withdrew regularly rupees 2000 per month for six months ending 31st March 2016 if interest on drawing is charge @ 8% per annum the interest charged will be

• 480

• 280

• 200

• 240

A partner withdraws rupees 8000 each 1st April and 1st October .interest on his drawing is drawing @ 6% per annum on 31st March will be

• 480

• 720

• 240

• 960

A partner draws rupees 2000 each on 1st April 2016, 1st July 2016, 1st October 2016and 1st January 2017. Interest on drawing @ 8% per annum will be

• 540

• 320

• 960

• 400

A partner withdraws from firm rupees 7000 at the end of each month .at the of 6% per annum total interest will be

• 5040

• 2310

• 3570

• 1370

A is a partner in a firm .he withdrew rupees 10000 quarter during the year ended 31st March 2017 interest on drawing @ 9% will be

• 1350

• 2250

• 900

• 1800