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Green and Orange are partners. Green draws a fixed amount at the beginning of every month.

Class 12th Accountancy , Question - Green and Orange are partners. Green draws a fixed amount at the beginning of every month. Interest on drawings is charged @8% p.a. At the end of the year interest on Green's drawings amounts to ₹ 2,600. Monthly drawings of Green were:

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February 27, 2023

These are the options for the Question : Green and Orange are partners. Green draws a fixed amount at the beginning of every month. Interest on drawings is charged @8% p.a. At the end of the year interest on Green’s drawings amounts to ₹ 2,600. Monthly drawings of
Green were:

a) ₹ 8,000
b) ₹ 60,000
c) ₹ 7,000
d) ₹ 5,000

The correct answer is – d) 5,000