[CBSE] Q. 94 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 94 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

Calculate the rate of interest on drawings in the following cases:

(i) Charu and Suruchi are partners in a firm. Suruchi withdrew ₹ 12,000 in the beginning of each quarter and interest on drawings was calculated at ₹ 2,700 at the end of the year.

(ii) Yamini and Sonia are partners in a firm. Sonia withdrew ₹ 12,000 at the end of each quarter and interest on drawings was calculated at ₹ 1,440 at the end of the year.

[Ans. Case (i) 9% p.a.; and Case (ii) 8% p.a.]

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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