[CBSE] Q. 29 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 29 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

Q. 29 (A). Gupta is a partner in a firm. He drew regularly ₹ 800 at the beginning of every month for the six months ending 31st March, 2024. Calculate interest on drawings at 15% p.a.

[Ans. Interest on Drawings ₹ 210.]

Q. 29 (B). Gupta is a partner in a firm. He drew regularly ₹ 800 at the end of every month for the six months ending 31st March, 2024. Calculate interest on drawings at 15% p.a.

[Ans. Interest on Drawings ₹ 150.]

Q. 29 (C). A, B and C are partners in a firm. For six months ending 31st March, 2024:

A drew regularly ₹ 15,000 in the beginning of every month. B drew regularly ₹ 20,000 at the end of every month and C drew regularly ₹ 25,000 in the middle of every month.

Calculate interest on drawings @ 10% p.a. for six months ending 31st March, 2024.

[Ans. Interest on Drawings : A ₹ 2,625; B ₹ 2,500 and C ₹ 3,750.]

Solution 29 (A) :-

Solution 29 (B) :-

Solution 29 (C) :-

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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 and can download the Android & ios app for free lectures.

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