[CBSE] Q. 37 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

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Solution of Question number 37 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2024-25.

Ram and Mohan, two partners, drew for their personal use ₹ 1,20,000 and ₹ 80,000. Interest is chargeable @ 6% p.a. on the drawings. What is the amount of interest chargeable from each partner?

[Ans: Interest on Drawings: Ram – ₹ 3,600 and Mohan – ₹ 2,400]

[Hint: When the dates of drawings are not given, interest on drawings is calculated on the total amount of drawings for average period of 6 months]

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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