[CBSE] Q. 41 Solution of Fundamentals of Partnership Firms TS Grewal Book (2023-24)

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Solution of Question number 41 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition.

A and B are partners sharing profits equally. A drew regularly ₹ 4,000 in the beginning of every month for six months ended 30th September 2022. Calculate interest on drawings @ 5% p.a. for a period of six months.

[Ans. Interest on Drawings – ₹ 350.]

[Hint: Interest on drawings will be charged for an average period of 3.5 months on total drawings.]

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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