CA CPT 2014 Dec Question Paper Fundamentals of Accounting for online practice
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Kiran, Bittoo and Shravan are partners in a firm. Kiran withdrew Rs.5,000 in beginning of every month, where as Bittoo and Shravan withdrew Rs.2,000 and Rs.3,000 respectively at the end of every month.Calculate interest on drawings at 10% p.a. for the year ended 31st March, 2014.
| Kiran | Bittoo | Shravan | |
|---|---|---|---|
| a) | Rs.6,000 | Rs.2,400 | Rs.3,600 |
| b) | Rs.2,750 | Rs.1,300 | Rs.1,950 |
| c) | Rs.3,000 | Rs.1,200 | Rs.1,800 |
| d) | Rs.3,250 | Rs.1,100 | Rs.1,650 |
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