[CBSE] Q. 31 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 31 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

Calculate the amount of Era’s monthly drawings for the year ended 31st March, 2023 in the following cases when interest is charged on drawings @ 10% p.a.

(i) When she withdrew a fixed amount in the beginning of each month and interest on drawings is ₹ 5,200.

(ii) When she withdrew a fixed amount at the end of each month and interest on drawings is ₹ 6,600.

[Ans. Case (i) ₹ 8,000 per month; Case (ii) ₹ 12,000 per month.]

Solution:-

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