Calculate the amount of Shiv's quarterly drawings for the year ended 31st March, 2022, in the following alternative cases when Partnership Deed allows interest on drawings @ 12% p.a.: (i) If interest on drawings is 1,500 and he withdrew a fixed amount in the beginning of each quarter. (ii) If interest on drawings is 1,200 and he withdrew a fixed amount in the middle of each quarter. (iii) If interest on drawings is 900 and he withdrew a fixed amount at the end of each quarter.​

Answers 2

Answer:

5,000 drawing in all three cases.

Explanation:

i) Average period=12+3/2 =7.5

drawing=x

1500=x×7.5/12×12÷100 = 20000

20000/÷4= 5000

ii) average period is 6

1200=x×12÷100×6÷12= 20000

20000÷4= 5000

iii) average period is 4.5

900=x×12÷100×4.5÷12= 20000

20000÷4= 5000

Answer:

Explanation:

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