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CA CPT 2014 Dec Question Paper Fundamentals of Accounting for online practice

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Question : 46

Total: 59

Kiran, Bittoo and Shravan are partners in a firm. Kiran withdrew Rs.5,000 in beginning of every month, where as Bittoo and Shravan withdrew Rs.2,000 and Rs.3,000 respectively at the end of every month.Calculate interest on drawings at 10% p.a. for the year ended 31st March, 2014.

	Kiran	Bittoo	Shravan
a)	Rs.6,000	Rs.2,400	Rs.3,600
b)	Rs.2,750	Rs.1,300	Rs.1,950
c)	Rs.3,000	Rs.1,200	Rs.1,800
d)	Rs.3,250	Rs.1,100	Rs.1,650

a)
b)
c)
d)

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