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## Balance Sheet \$type=three\$count=6\$author=hide\$comment=hide\$label=hide\$date=hide\$show=home\$s=0

There are four latest method apply , if any body withdraws any fund or cash for personal use from his firm .
1. If any partner withdraws every month in the first day the he will pay to firm @ given rate for 6.5 months
2. If any partner withdraws every month in the middle of month , he will pay interest on drawing @ given rate for 6 months
3. If any partner withdraws every month in the end of month , he will pay interest on drawing @ given rate for 5.5 months
4. If any partner does not withdraw every month then his withdrawing month usage product will be calculated

suppose if he withdraw Rs.5000 in first of march then he will calculate product of

5000X10 =50000

after calculating product he calculate his payable interest on drawing @ given rate
= amount of product X R/100 X 1/12

: 5
1. please tell about the month that amount is refunded on Ist of any month...
like taken \$400 on Ist feb and refunded \$100 on Ist march so how interest will be calculated if drawing is refunded?

2. thank u... thank u a lot it's great side ....by VISHAL HARVANI>>>

3. if the amount is drawn on 1 feb than interest on drawing is calculated =400*11/12*rate and if the amt is refunded than it(refunded amount ) is treated as additional capital.

4. If Rs30000 is withdrawn on 31st december ,how the interest is calculated for that amount if year ends on 31st december

5. Why we calculate for only 6 months instead of 12 months

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