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Case -2 Anwar is a partner in Modern Technology Sur. She withdrew money from the business for her personal use. Calculate the interest on her
Case -2 Anwar is a partner in Modern Technology Sur. She withdrew money from the business for her personal use. Calculate the interest on her drawings related to the year 2019 for the following situations, if rate of interest is 10% per annum. a) If she withdrew OMR 2000 per month at the beginning of each month. (2 marks) b) If she withdrew OMR 2000 per month at the end of each month. (2 marks) c) Discuss any two circumstances under which the fixed capitals of partners may change. (1 mark).
Case -2
Anwar is a partner in Modern Technology Sur. She withdrew money from the business for her personal use. Calculate the interest on her drawings related to the year 2019 for the following situations, if rate of interest is 10% per annum.
a) If she withdrew OMR 2000 per month at the beginning of each month. (2 marks)
b) If she withdrew OMR 2000 per month at the end of each month. (2 marks)
c) Discuss any two circumstances under which the fixed capitals of partners may change.
(1 mark).
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