[CBSE] Q. 46 Solution of Fundamentals of Partnership Firms TS Grewal Book (2023-24)
Solution of Question number 46 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition
A, B, and C are partners. During the year ended 31st March 2023, each of the partners withdrew ₹ 10,000 regularly. A withdrew in the beginning of the first 6 months of the year, B withdrew in the middle of the month for the first 6 months of the year and C withdrew at the end of the month for the first 6 months.
Calculate interest on drawings @ 6% p.a. for the year ended 31st March 2023.
[Ans.: Interest on Drawings: A – ₹ 2,850; B – ₹ 2,700 and C – ₹ 2,550]
Solution:-
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