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A and B are partners who share profit and loss equally...

This question belongs to Commerce Accounting
Accounting
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A and B are partners who share profit and loss equally. A with drawing Rs. 400 regularly at the end of each month for half year ended at 30th June 2008. What will be the amount of interest if 5% p.a. interest is charged on drawing?

Answer & Solution
Correct Answer: Option C
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