[CBSE] Q. 42 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

Solution of Question number 42 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2024-25 Edition.

A and B are partners sharing profits equally. A drew regularly ₹ 4,000 at the end of every month for six months ended 30th September 2023. Calculate interest on drawings @ 5% p.a. for a period of six months.

[Ans: Interest on Drawings – ₹ 250]

[Hint: Interest on drawings will be charged for an average period of 2.5 months on total drawings.]

Solution:-

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