Sarthaks Test
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Rakesh and Roshan are partners, sharing profits in the ratio of 3:2 with capitals of Rs. 40,000 and Rs. 30,000, respectively. They withdrew from the firm the following amounts, for their personal use:

RakeshMonthAmt. Rs.
May 31,2006600
June 30, 2006500
August 31, 20061,000
November 1, 2006400
December 31,20061,500
January 31, 2007300
March 1,2007700
RohanAt the beginning of each month400

Interest is to be charged @ 6% p.a. Calculate interest on drawings, assuming that book of accounts are closed on March 31, 2007, every year.

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Rakesh's Interest on drawings

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