For the firm interest on drawing is:

Related MCQs

• 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):
• In the absence of an agreement, Interest on loan advanced by the partner to the firm is allowed at the rate of:
• Interest earned is a
• According to which concept, the proprietor pays interest on drawings
• A partners has to pay interest on drawings what is the entry in the personal A/c of the partner?
• Interest on capital Account:
• Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:
• The interest charged on the hire purchase should appear in the profit and loss account in what manner?
• The amount of interest is credited by the buyer to ________
• Under hire purchase system, interest is calculated on _______