[ISC] Q. 24 solution of Fundamentals of Partnership Firms TS Grewal Book ISC 2023-24 Edition

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Solution of Question number 24 of the Fundamentals of partnership Accounts (Firm) chapter TS Grewal Book 2023-24 Edition ISC Board.

Veeru and Jai are partners sharing profits equally. Veeru drew regularly ₹ 4,000 in the beginning of every month for six months ended 30th September 2022. Calculate the interest on drawings @ 5% p.a. for the year ended 31st March 2023.

Solution:-

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