[CBSE] Q. 44 Solution of Fundamentals of Partnership Firms TS Grewal Book (2023-24)
Solution of Question number 44 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition.
Calculate interest on drawings of Sanjay @ 10% p.a. for the year ended 31st March 2023, in each of the following alternative cases:
Case 1. If he withdrew ₹ 7,500 in the beginning of each quarter.
Case 2. If he withdrew ₹ 7,500 at the end of each quarter.
Case 3: If he withdrew ₹ 7,500 during the middle of each quarter.
[Ans: Interest on Drawings: Case – 1 – ₹ 1,875; Case – 2 – ₹ 1,125; Case – 3 – ₹ 1,500]
Solution:-
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