🔴 Case 3 Product Method & Simple method for Calculating interest on drawing | Interest on drawing

Meaning of interest on drawing

case 1 when date of drawing is not given

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Case 1 When Date of Drawing is Not Given | Calculation of Interest on Drawing Class 12 Partnership

Description: Interest on drawings is an important concept in partnership accounting. It is the interest charged on partners for withdrawing money from the partnership firm. In this video, we will focus on the first case when the date of drawing is not given and will cover the calculation of interest on drawings in partnership accounting.

We will explain the concept of interest on drawings and the formula used to calculate it. We will also cover the scenario when the date of drawing is not given and how to calculate interest in such cases.

This video is designed for Class 12 students studying partnership accounting or anyone who wants to learn more about the basics of interest on drawings.

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