[CBSE] Q. 33 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 33 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

(i) Anamika and Monika are partners in a firm. Anamika withdrew ₹ 25,000 at the end of each month and interest on drawings was calculated ₹ 8,250 at the end of the year. What is the rate of interest on drawings?

(ii) Shruti and Gayatri are partners in a firm. Shruti withdrew ₹ 60,000 at the end of each quarter and interest on drawings was calculated ₹ 6,300 at the end of the year. What is the rate of interest on drawings?

[Ans. Case (i) 6% p.a. and Case (ii) 7% p.a.]

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

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