Amit and Bhola are partners in a firm. They share profits in the ratio of 3:2. As per their
Channel: Doubtnut
Date: 08/11/2021

Amit and Bhola are partners in a firm. They share profits in the ratio of 3:2. As per their partnership agreement, interest on drawings is to be charged  @ 10%  p.a. Their drawings during 2017 were Rs. 24,000 and Rs. 16,000, respectively.   Calculate interest on drawings based on the assumption that the amounts were withdrawn evenly, throughout the year.