[CBSE] Q. 41 Solution of Fundamentals of Partnership Firms TS Grewal Book (2023-24)

Solution of Question number 41 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition.

A and B are partners sharing profits equally. A drew regularly ₹ 4,000 in the beginning of every month for six months ended 30th September 2022. Calculate interest on drawings @ 5% p.a. for a period of six months.

[Ans. Interest on Drawings – ₹ 350.]

[Hint: Interest on drawings will be charged for an average period of 3.5 months on total drawings.]

Solution:-

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