Are you looking for the solution of Question number 28 of the Fundamentals of partnership Accounts (Firm) chapter TS Grewal Book 2023-24 Edition ISC Board?
Question number 28 of Partnership Accounts – Fundamentals is a theoretical one of TS Grewal Book ISC Board 2023-24.
Question – 28
Gian, Rajat, and Bishan are partners sharing profits equally. Gian drew regularly ₹ 10,000 in the beginning of every month for six months 30th September 2022. Rajat drew regularly ₹ 10,000 at the end of every month for six months ending 30th September 2022. Bishan drew regularly ₹ 10,000 in the middle of every month for six months ended 30th September 2022. Calculate interest on drawings @ 5% p.a. for the year ended 31st March 2023.
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