WB HS Accountancy Practice Questions - West Bengal Higher Secondary Examination - Accountancy Exam

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A partner draws ₹5,000 at the beginning of every month throughout the year. Interest on drawings is charged at 12% per annum. What is the total interest on drawings charged to the partner for the year?

₹3,600 ₹3,900 ₹4,200 ₹3,000

Correct Answer:

₹3,900

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