Sushil is a partner in a firm. He withdrew ₹4,000 per month in the middle of every month during the year ended 31st March, 2019. If interest on drawings is charged @ 8% p.a. the interest charged will be :
A. ₹2,080
B. ₹1,760
C. ₹3,840
D. ₹1,920
Answer:D
Sushil is a partner in a firm. He withdrew ₹4,000 per month in the middle of every month during the year ended 31st March, 2019. If interest on drawings is charged @ 8% p.a. the interest charged will be :
A. ₹2,080 B. ₹1,760 C. ₹3,840 D. ₹1,920