Charulata is a partner in a firm. She withdrew Rs. 10,000 in each quarter during the year ending on 31st March 2019. The interest on her drawings @ 9%per annum will be
A. Rs. 1,350
B. Rs. 2,250
C. Rs. 900
D. Rs. 1,800
Answer: Option D
Related Questions on Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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