Question
date description debit credit balance 1/6/2019 opening 20000 20000 1/7/2019 cash withdrawal 25000 45000 15/7/2019 cash deposit 50000 5000 15/8/2019 cash withdrawal 15000 10000
date description debit credit balance 1/6/2019 opening 20000 20000 1/7/2019 cash withdrawal 25000 45000 15/7/2019 cash deposit 50000 5000 15/8/2019 cash withdrawal 15000 10000 4/9/2019 cash deposit 7000 3000 30/9/2019 balance 3000 calculate the interest for months 6 ,7,8 , 9 P : interset rate is 22% 1 note : fisical year divided into four terms and 360 days
Step by Step Solution
3.45 Rating (158 Votes )
There are 3 Steps involved in it
Step: 1
Answer Calculation of Interest for January on daily basis Previous Curr...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Accounting For Cambridge International AS And A Level
Authors: Jacqueline Halls Bryan, Peter Hailstone
1st Edition
0198399715, 978-0198399711
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App