A partner has withdrawn the following sum of money during the half year ended June 30, 2016. Months Date Rs. January 10 2,000 February 18 1,200 March 4 600 April 12 800 May 21 1,000 June 1 600 Find out the average due date and calculate the interest to be charged at the rate of 10% p.a for the half year ending June 30,2016.
A partner has withdrawn the following sum of money during the half year ended June 30, 2016. Months Date Rs. January 10 2,000 February 18 1,200 March 4 600 April 12 800 May 21 1,000 June 1 600 Find out the average due date and calculate the interest to be charged at the rate of 10% p.a for the half year ending June 30,2016.
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 24Q: Chemical Enterprises issues a note in the amount of $156,000 to a customer on January 1, 2018. Terms...
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A partner has withdrawn the following sum of money
during the half year ended June 30, 2016.
Months Date Rs.
January 10 2,000
February 18 1,200
March 4 600
April 12 800
May 21 1,000
June 1 600
Find out the average due date and calculate the interest
to be charged at the rate of 10% p.a for the half year
ending June 30,2016.
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