[CBSE] Q. 92 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 92 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

Seema and Tina are partners in a firm. Interest on drawings is charged @ 10% p.a. You are required to calculate the amount of drawings of each partner in the following cases:

(i) Seema withdrew a fixed amount in the beginning of each month and interest on drawings is ₹ 3,900.

(ii) Tina withdrew a fixed amount in the beginning of each quarter and interest on drawings is ₹ 6,000.

[Ans. Case (i) ₹ 6,000 per month, and Case (ii) ₹ 24,000 per quarter.]

Solution:-

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