The partnership agreement of x and y provides that interest at 5% per annual is to be charged on partners drawings . During year ended 31 December 2009 drawings by x were: 1 February 2009 $2400, 1 June 2009 $4800, August 2009 $960 . What is the total amount of interest on drawings chargeable to x's current account for the year?
The partnership agreement of x and y provides that interest at 5% per annual is to be charged on partners drawings . During year ended 31 December 2009 drawings by x were: 1 February 2009 $2400, 1 June 2009 $4800, August 2009 $960 . What is the total amount of interest on drawings chargeable to x's current account for the year?
The partnership agreement of x and y provides that interest at 5% per annual is to be charged on partners drawings . During year ended 31 December 2009 drawings by x were: 1 February 2009 $2400, 1 June 2009 $4800, August 2009 $960 . What is the total amount of interest on drawings chargeable to x's current account for the year?
The partnership agreement of x and y provides that interest at 5% per annual is to be charged on partners drawings . During year ended 31 December 2009 drawings by x were: 1 February 2009 $2400, 1 June 2009 $4800, August 2009 $960 . What is the total amount of interest on drawings chargeable to x's current account for the year?
Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.
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