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 profit is profit
(1) Sale of fixed asset
(2) Profit & Loss A/c of Business
(3) None of these
(4) Sale of goods
Answer
Sale of fixed asset
Q31.Which of the following is not a tangible asset ?
(1) Goodwill
(2) Motor Car
(3) Building
(4) Stock
Answer
Goodwill