[CBSE] Q. 28 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 28 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

Calculate the interest on drawings of Sh. Ganesh @ 9% p.a. for the year ended 31st March, 2024, in each of the following alternative cases:

Case (i) If he withdrew ₹ 4,000 p.m. in the beginning of every month:

Case (ii) If he withdrew ₹ 5,000 p.m. at the end of every month;

Case (iii) If he withdrew ₹ 6,000 p.m;

Case (iv) If he withdrew ₹ 72,000 during the year;

Case (v) If he withdrew as follows:

Date	₹
30th Apirl, 2023	10,000
1st July, 2023	15,000
1st Oct, 2023	18,000
30th Nov, 2023	12,000
31st March, 2024	20,000

Case (vi) If he withdrew ₹ 12,000 in the beginning of each quarter;

Case (vii) If he withdrew ₹ 18,000 at the end of each quarter;

Case (viii) If he withdrew ₹ 18,000 during the middle of each quarter.

[Ans. Case (i) ₹ 2,340; Case (ii) ₹ 2,475; Case (iii) ₹ 3,240; Case (iv) ₹ 3,240; Case (v) ₹ 3,008; Case (vi) ₹ 2,700; Case (vii) ₹ 2,430; Case (viii) ₹ 3,240.]

Solution:-

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