What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 6000 in the middle of each quarter.

Q29.What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 6000 in the middle of each quarter. (1) Rs 1200 (2) Rs 1500 (3) None of these (4) Rs 900 Answer Rs 1200 Related Questions on Theory Base of Accounting Q30.Capital … Read more

IFRS are:

Q45.IFRS are: (1) Rule based accounting standards (2) Principles based accounting standards (3) None of the options (4) Partially rule and partially principles Answer Principles based accounting standards Related Questions on Theory Base of Accounting Q46.IAS adopted by IASB and still in force are: (1)41 (2)29 (3)10 (4)9 Answer 29 Q47.IASB (International Accounting Standards Board) … Read more