[CBSE] Q. 48 Solution of Fundamentals of Partnership Firms TS Grewal Book (2023-24)

Solution of Question number 48 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition.

Calculate the amount of Shiv’s quarterly drawings for the year ended 31st March 2023, in the following alternative cases when Partnership Deed allows interest on drawings @ 12% p.a.:

(i) If interest on drawings is ₹ 1,500 and he withdrew a fixed amount in the beginning of each quarter.

(ii) If interest on drawings is ₹ 1,200 and he withdrew a fixed amount in the middle of each quarter.

(iii) If interest on drawings is ₹ 900 and he withdrew a fixed amount at the end of each quarter.

[Ans: Amount of Drawings; (i) ₹ 5,000; (ii) ₹ 5,000; (iii) ₹ 5,000.]

Solution:-

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