[CBSE] Q. 44 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

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Solution of Question number 44 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2024-25 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]

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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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