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

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

A and B are partners sharing profits and losses equally with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Their drawings during the year ending on 31st March, 2023 are as follows:

A’s Drawings on

30-06-2022	20,000
31-07-2022	10,00
01-10-2022	10,000
01-03-2023	16,000

B drew ₹ 6,000 at the end of each month. The deed provides interest on capitals and drawings at 10% p.a. Calcualte interest on capitals and drawings.

[Ans. Interest on Capitals A ₹ 30,000; B ₹ 20,000, Interest on Drawings A ₹ 2,800; B ₹ 3,300.]

Solution:-

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