[CBSE] Q. 24 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 24 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

Mr. Ashok Gupta is a partner in a firm. He withdrew the following amounts during the year ended 31st March, 2024:-

April 30	8,000
June 30	6,000
Sept 30	5,000
Dec 31	12,000
Jan 31	10,000

Calculate interest on Drawings @ 9% p.a. for the year ended on 31st March, 2024.

[Ans. Interest on Drawings ₹ 1,710.]

A is a partner in a firm. During the year ended 31st March, 2024, A’s drawings were:

1st June	1,000
1st August	750
1st October	1,250
1st December	500
1st February	500

Interest on drawings is charged @ 10% per annum. Calculate interest on drawings of A for the year ended 31st March, 2024.

[Ans. Interest on Drawings ₹ 221.]

Solution 24 (A)

Solution 24 (B)

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