[CBSE] Q. 85 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 85 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

Calculate the interest on Drawings of Tarun @ 8% p.a. for the year ended 31st March, 2024 in each of the following alternative cases:

Case (a) if his drawings during the year were ₹ 60,000;

Case (b) if he withdrew 5,000 p.m. in the beginning of every month;

Case (c) if he withdrew ₹ 5,000 p.m. at the end of every month;

Case (d) if he withdrew ₹ 5,000 p.m. during the year;

Case (e) if he withdrew the following amounts as under:

2023 June, 1 : ₹ 10,000; August 31 : ₹ 12,000; November 1 : ₹ 16,000; Decembe 31 : ₹ 13,000; February 1, 2024 : ₹ 9,000.

[Ans. Case (a) ₹ 2,400; Case (b) ₹ 2,600; Case (c) ₹ 2,200; Case (d) ₹ 2,400; Case (e) ₹ 2,140.]

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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