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Commerce · Q2004

Accounting

Graduate and Post Graduate · Commerce · question 2004

Q2004

A and B are partners who share profit and loss equally. A with drawing Rs. 400 regularly at the end of each month for half year ended at 30th June 2008. What will be the amount of interest if 5% p.a. interest is charged on drawing?

A.
Rs. 200
B.
Rs. 100
C.
Rs. 25
Answer
D.
Rs. 50

Answer: Option C

Solution

Answer: Option C
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