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PQR are three partners in a partnership firm. As per the terms of partnership deed partners are charged 6% interest on the drawing made
PQR are three partners in a partnership firm. As per the terms of partnership deed partners are charged 6% interest on the drawing made by them during the year. For the year ending 31st Dec. 09. Q draws money from the firm as per the details given. 31st March Rs. 1,000 31st May Rs. 1,000 31st August Rs. 3,000 30th November Rs. 3,000 Calculate the interest on drawing to be charged from X.
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Contemporary Auditing
Authors: Michael C. Knapp
8th edition
978-0538466790, 538466790, 978-1285066608
