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51. Pavan is a partner in a firm. His drawings were: Rs. 2,000 on 30.6.2017 Rs. 6,000 on 01.11.2017 Rs. 4,000 on 31.12.2017 Rs. 2,000

51. Pavan is a partner in a firm. His drawings were: Rs. 2,000 on 30.6.2017 Rs. 6,000 on 01.11.2017 Rs. 4,000 on 31.12.2017 Rs. 2,000 on 01.2.2018 Calculate interest on drawings at 12% per annum under product method for the accounting year en 31st March, 2018. Ans: Interest Rs. 640

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