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Commerce · Q1311

Accounting

Graduate and Post Graduate · Commerce · question 1311

Q1311

Mr. X a partner in a partnership firm withdraws Rs. 2,000 at the end of each month. Rate of interest is 5%. Interest on drawings at the end of the year will be

A.
Rs. 1,200
B.
Rs. 600
C.
Rs. 550
Answer
D.
Rs. 650

Answer: Option C

Solution

Answer: Option C
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