AdminHelpdice Team30 May, 2024Where will you record interest on drawings:Debit Side of Profit & Loss Appropriation AccountCredit Side of Profit & Loss Appropriation AccountCredit Side of Profit & Loss AccountDebit Side of Capital/Current Account only.Check AnswerRelated MCQ's A, Y and Z are equal partners with fixed capitals of Rs.5,00,000, Rs.3,00,000 and Rs. 1,00,000 respectively. After ...Tue, 29 JulX and Yare partners in the ratio of 3: 2. Their fixed capitals are Rs.2,00,000 and Rs. 1,00,000 respectively. After...Tue, 29 JulSony and Romy are equal partners with fixed capitals of Rs.4,00,000 and Rs.3,00,000 respectively. After closing the...Tue, 29 JulA partner withdraws from firm Rs.7,000 at the end of each month. At the rate of 6% per annum total interest will be...Tue, 29 JulA partner draws Rs.2,000 each on 1st April 2018, 1st July 2018, 1st October, 2018 and 1st January 2019. For the yea...Tue, 29 JulA partner withdraws Rs. 8,000 each on 1st April and 1st Oct. Interest on his drawings @ 6% p.a. on 31st March will ...Tue, 29 JulX is a partner in a firm. He withdrew regularly Rs. 1,000 at the beginning of every month for the six months ending...Tue, 29 JulIf equal amount is withdrawn by a partner in each month during a period of 6 months, interest on the total amount w...Tue, 29 JulCharulata is a partner in a firm. She withdrew Rs. 10,000 in each quarter during the year ended 31st March, 2019. I...Tue, 29 JulBipasa is a partner in a firm. She withdrew Rs.6,000 at the end of each quarter during the year ended 31st March, 2...Tue, 29 Jul
