[CBSE] Q. 43 Solution of Fundamentals of Partnership Firms TS Grewal Book 2023-24)

Solution of Question number 43 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition.

B and C are partners sharing profits equally. C regularly withdrew ₹ 5,000 per month in the beginning of the month for six months ended 30th September 2022. Calculate interest on drawings @ 12% p.a. for the year ended 31st March 2023.

[Ans: Interest on Drawings – ₹ 2,850]

[Hint: Interest on drawings will be charged for 9.5 months on total drawings.]

Solution:-

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