[CBSE] Q. 47 Solution of Fundamentals of Partnership Firms TS Grewal Book (2023-24)
Solution of Question number 47 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition.
Calculate the amount of Manan’s monthly drawings for the year ended 31st March, 2023, in the following alternatives cases when Partnership Deed allows interest on drawings @ 10% p.a.:
(i) If interest on drawings is ₹ 1,950 and he withdrew a fixed amount in the beginning of each month.
(ii) If interest on drawings is ₹ 2,400 and he withdrew a fixed amount in the middle of each month.
(iii) If interest on drawings is ₹ 2,750 and he withdrew a fixed amount at the end of each month.
[Ans: Amount of Drawings: (i) ₹ 3,000; (ii) ₹ 4,000; (iii) ₹ 5,000.]
Solution:-
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