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Arts, 15.11.2020 15:10 0055babs

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11-10-2020-09.04.36.pdf
Class:
XII
Theme: Problems Solving on Interest on Capital and Drawings
1 Velan is a partner who withdrew * 20,000 on 1st April 2018.
Interest on drawings is charged at 10% per annum. Calculate
interest on drawings on 31st December 2018 and pass journal
entries by assuming fluctuating capital method.

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