Accounting · Partnership and Sole Proprietorship Accounts
A sole proprietor withdrew ₹ 1,00,000 on January 31, 2023 for personal use. Calculate the interest on drawings @12% p.a. for the financial year ending March 31, 2023.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1₹ 4,000
- 2₹ 3,000
- 3₹ 2,000✓
- 4₹ 1,000
Correct answer
₹ 2,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Partnership and Sole Proprietorship Accounts MCQs →Want more practice questions on Partnership and Sole Proprietorship Accounts?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Partnership and Sole Proprietorship Accounts