[CBSE] Q. 50 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

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Solution of Question number 50 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2024-25 Edition.

Calculate the Rate of interest on Drawings of Mohan in the following cases:

a) If he withdrew ₹ 6,000 in the beginning of each quarter for the year ended 31st March 2023 and interest on drawings is ₹ 1,500.

b) If he withdrew ₹ 6,000 at the end of each quarter for the year ended 31st March 2023 and interest on drawings is ₹ 900.

c) If he withdrew ₹ 6,000 per quarter for the year ended 31st March 2023 and interest on drawings is ₹ 1,200.

[Ans: a) 10%; b) 10% and c) 10%]

Solution:-

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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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