Mr. Rahman is a partner in a partnership business. He withdraws 3,000 taka cash monthly from the business. If the interest rate on drawings is 5%, what is the annual interest amount? The annual interest can be calculated using the formula

$$\text{Interest} = \text{Principal} \times \text{Rate} \times \text{Time}$$

. The principal is the total amount withdrawn annually, which is

$$3,000 \times 12$$

. Therefore, the interest amount is

$$\text{Interest} = (3,000 \times 12) \times 0.05$$

.

1.What is the interest rate on loans given by partners in the absence of a contract?

2.Owners of which type of shares receive dividends first?

3.Unmatched expenses are- i. Outstanding expenses ii. Share discount iii. Deferred advertisement Which one is correct?

4.What is the ideal ratio of the acid test quick ratio?

5.What is the total amount of normal wages?

6.Tushar & Co. Ltd has authorized capital of 50,000 shares at 10 taka each. Issued capital is 70%, and paid-up capital is 80% of the issued capital. What is the amount of paid-up capital of Tushar & Co.?

7.What is recorded on a bin card?

8.What effect does issuing bonus shares have on the company? i. Cash surplus increases ii. Total number of shares increases iii.Total capital amount increases Which one is correct?

9.Unearned income is a-

10.What is the value of the closing inventory?

11.The gross profit ratio is used to check an institution's-

12.A manufacturing company had 100 kg of goods in stock on July 1 at 10 taka per kg. On July 15, 50 kg were issued, and on July 20, 150 kg were purchased at 15 taka per kg. What is the value of inventory on July 20 using the FIFO method?