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

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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 308,000
June 306,000
Sept 305,000
Dec 3112,000
Jan 3110,000

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 June1,000
1st August750
1st October1,250
1st December500
1st February500

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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Anurag Pathak

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