[ISC] Q. 31 Solution of Fundamentals of Partnership Firms TS Grewal Book ISC (2026-27)

Solution of Question number 31 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2026-27 Edition ISC Board.

Calculate interest on the drawings of Mahesh @ 5% p.a. for the year ended 31st March 2023 in each of the following alternatives cases:

(i) If he withdrew ₹ 12,000 in the beginning of each quarter.

(ii) If he withdrew ₹ 12,000 at the end of each quarter.

(iii) if he withdrew ₹ 18,000 during the middle of each quarter.

Solution:-