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

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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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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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