Solved

A Is Drawing Rs

Question 15

Multiple Choice

A is drawing Rs. 500 regularly on the 16th of every month, he will have to pay interest in a year on Rs. 6000 for the total period of @ given rate of interest) :


A) 5 months
B) 6 months
C) 7 months
D) 12 months

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: Section 37 of partnership act provided interest

Q11: For the firm interest on drawing is:<br>A)expense<br>B)income<br>C)liability<br>D)none

Q12: For any decrease in the value of

Q13: The agreement among partners which set out

Q14: Revolution A/c is a:<br>A)real a/c<br>B)personal a/c<br>C)cash a/c<br>D)nominal

Q16: Loss on realization is:<br>A)debited to partners capital

Q17: If no provision is made in agreement

Q18: When all partners are insolvent creditors will

Q19: When a partner dies, firm will receive

Q20: A person who receives a share of