1 Interest on Drawings questions from CUET Accountancy 2025 14 May Shift 2 with detailed answers and explanations. Free previous year questions and MCQs.
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Interest on Drawings — CUET Accountancy 2025 14 May Shift 2(1–1 of 1)
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Q1mediummcqAccountancyCUET Accountancy 2025 14 May Shift 22026
Aashish withdrew 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 Calculate the interest on drawings charged @ 8% p.a., when the amount is withdrawn regularly at the beginning of each month.
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