Answer:

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Explanation:

Total drawings= 7500 * 4

=30000

Rate= 10%

Case 1: If he withdrew 7500 in the beginning of each quarter-

Note: When equal amount of drawings is withdrawn at the beginning of each quarter, interest is calculated for a period of 7.5 months.

Hence,

Interest on drawings= 30000 * 10/100 * 7.5/12

= 1875

Case 2: If he withdrew 7500 at the end of each quarter-

Note: When equal amount of drawings is withdrawn at the end of each quarter, interest is calculated for a period of 4.5 months.

Hence,

Interest on drawings= 30000 * 10/100 * 4.5/12

= 1125

Case 3: If he withdrew 7500 during the middle of each quarter-

Note: When equal amount of drawings is withdrawn during the middle of each quarter, interest is calculated for a period of 6 months.

Hence,

Interest on drawings= 30000 * 6/12 * 10/100

= 1500

Answer:

Calculate the amount of Shiv's quarterly drawings for the year ended 31st March 2022. In the follow alternative cases when Partnership Deed allows interest on hy I'm good wbu drawings 12% pa: if interest on drawings is 1,500 and he withdrew a fixed amount in the beginning of each quarter G) If interest on drawings is 1,200 and he withdrew a fixed amount in the middle of each quarter (Tu) If interest on drawings is 900 and he withdrew a fixed mount at the end of each quarter