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

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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, 202310,000
1st July, 202315,000
1st Oct, 202318,000
30th Nov, 202312,000
31st March, 202420,000

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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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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