what is interest on drawings

Answer Posted / ravi

drawings means the goods taken by the propriter for hi domestic[personal] use.it may be in form of cash goods etc.we have to subtract intrest on drawings frm capital.it is the amount which is charged by firm on amount taken by propriter

Is This Answer Correct ?    15 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain significance of Nastro and Vastro in accounts?

3587


What is discounting accounting and why depriciation of assets are mention in dicounting accounting?

1621


What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)

3870


Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?

3124


Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c

1381






can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com

1507


in what form is crr kept in RBI?

2026


what is book profit

1734


plz tell me short cut method in maths for clerck post in bank

1540


types of inventory

1772


hi.this krishan .i m slect in axis bank for executive. when i sposse to join

1936


what can increase gearing?

1990


My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?

1542


HI, FREINDS, I WANT TO KHOW IS THE CFP (CETICFIED FINANCIAL PLANNER) IS A GOOD COURSE, IS THEY ANY INSISTUTE IN HYDERABAD,IF ANY ONE DOING THIS COURSE PLEASE REPLY ME.

1874


Short Answer on ___________Appreciation

1499