Question:
Sudha, a partner withdrew \(₹12,000\) on 31stOctober, 2023 for her personal use. Interest on drawings is charged @ 6% p.a. The interest on Sudha’s drawings for the year ended 31stMarch, 2024 will be :
Sudha, a partner withdrew \(₹12,000\) on 31stOctober, 2023 for her personal use. Interest on drawings is charged @ 6% p.a. The interest on Sudha’s drawings for the year ended 31stMarch, 2024 will be :
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Interest on drawings = Amount × Rate × Time/12.
Updated On: Jul 8, 2025
- \(₹300\)
- \(₹30\)
- \(₹3,000\)
- \(₹150\)
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Verified By Collegedunia
The Correct Option is A
Solution and Explanation
Period = 5 months (Nov–Mar)
Interest = \(12,000 \times 6% \times \frac{5}{12} = ₹300\).
Interest = \(12,000 \times 6% \times \frac{5}{12} = ₹300\).
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