Partnership
This query is : Open
18 June 2017
A partner withdraw equal amount in the beginning if every month from 1st nov. if the total drawings is rs 6000 then calculate int on drawings at 12% p.a firm's accounting year ends on 31st march...
18 June 2017
Int will be Rs 4680/-
18 June 2017
Int on drawing = Total drawings × Rate/100 × 6.5/12
18 June 2017
Total Drawings*12/100*6.5/12
19 June 2017
Not possible
19 June 2017
You have to take total drawing in formula(72000) not mobthly
19 June 2017
72000*12/100*6.5/2
19 June 2017
sorry 6.5/2 is written in place of 6.5/12
19 June 2017
sorry again written wrong
6.5/12 is written in formula instead of 6.5/2
19 June 2017
Welcome.........
07 July 2017
My frnd is a sub distributor.
.i:e he purchases the coupn and balance frm distributor and sells it to retailors his turnover is more than 80 lackhs...but profit margin is just 1%...his he liable for gst? ma'm rply
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