[CBSE] Q. 44 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

Solution of Question number 44 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2024-25 Edition.

Calculate interest on drawings of Sanjay @ 10% p.a. for the year ended 31st March 2023, in each of the following alternative cases:

Case 1. If he withdrew ₹ 7,500 in the beginning of each quarter.

Case 2. If he withdrew ₹ 7,500 at the end of each quarter.

Case 3: If he withdrew ₹ 7,500 during the middle of each quarter.

[Ans: Interest on Drawings: Case – 1 – ₹ 1,875; Case – 2 – ₹ 1,125; Case – 3 – ₹ 1,500]

Solution:-

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