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Accountancy · 2025 · 1 mark

CBSE 2025 · Region 6 · Set 2 · Q10

Mohan, a partner, withdrew ₹ $\displaystyle 80,000$ from the business for his personal use during the year ended 31st March, 2024. Interest on drawings was to be charged @ $\displaystyle 12$% per annum. Interest on Mohan's drawings will be :
OR
The following account is debited for allowing interest on partners' capital :

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