Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 ...
Use the following information to answer the question
Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partnership.
The interest on drawings for Ant is
GH⊄ 800
GH⊄ 1,920
GH⊄ 1,120
GH⊄ 700
Correct answer is C
Interest on Drawings for Ant = GH⊄ 14,000 x 8%
Interest on Drawings for Ant = GH⊄ 14,000 x 0.08
Interest on Drawings for Ant = GH⊄ 1,120
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