Question: Shiva and Shankar are partners are partners in a firm. Shiva's drawing for the year 2016-17 are given as under. Rs.5,000 on 01-05-2016 Rs.7,000

Shiva and Shankar are partners are partners in a firm. Shiva's drawing

Shiva and Shankar are partners are partners in a firm. Shiva's drawing for the year 2016-17 are given as under. Rs.5,000 on 01-05-2016 Rs.7,000 on 31-08-2016 Rs.3,000 on 31-12-2016 Rs.4,000 on 01-02-2017 Calculate interest on drawing at 12% p.a for the year ending 31-03-2017 under product method.

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