Interest on Drawings Questions

When a fixed amount is withdrawn at the end of each quarter, interest on drawings will be calculated for _______

Aashish withdrew $\text{Rs. }10,000$ per month from the firm for his personal use during the year ending March 31, 2017. Calculate the interest on drawings charged @ $8\%$ p.a., when the amount is withdrawn regularly at the beginning of each month.

When the date of drawing is not specified, interest on drawings is calculated for:

M and N are partners in a firm and agree that an interest $@12\%$ per annum should be charged on drawings. M draws $\text{Rs. }20,000$ per month at the beginning of each month. The amount of interest to be charged from M is:

John Ibrahim, a partner in Ancient Tours and Travels, withdrew money during the year ending March 31, 2020, from his capital account for personal use. He withdrew $\text{Rs. }3,000$ per month at the beginning of every month. Calculate the interest on drawings that should be charged from John Ibrahim if the rate of interest on drawings is $9\%$ per annum.

Calculate the interest on drawings if Ram withdrew $\text{Rs. }3,000$ per month at the beginning of each month for the whole year, with interest charged @ $9\%$ per annum.

Himanshu withdrew $\text{Rs. }2,500$ at the end of each month. The partnership deed provides for charging of interest on drawings $@12\%\text{ p.a.}$ Calculate interest on Himanshu's drawings for the year ended March 31, 2017.

Aashish withdrew Rs. 10,000 per month from the firm for his personal use during the year ending March 31, 2017. What will be the amount of interest if the amount is withdrawn at the beginning of each month and rate of interest on drawings is 8% per annum?

When the exact date of a partner's drawings is not specified in the records, interest on drawings is calculated for an average period of:

Calculate interest on drawings if Ram withdrew $\text{Rs. }3,000$ per month at the beginning of each month for the whole year, and interest on drawings is charged @ $9\%$ per annum.