[ISC] Q. 32 solution of Fundamentals of Partnership Firms TS Grewal Book ISC 2023-24 Edition

Solution of Question number 32 of the Fundamentals of partnership Accounts (Firm) chapter TS Grewal Book 2023-24 Edition ISC Board.

Harish, Paresh, and Ramesh are partners and withdrew ₹ 12,000 per month on regular basis for the first six months of the financial year.

Harish withdrew at the beginning of the month, Paresh withdrew in the middle of the month and Ramesh at the month’s end.

Calculate interest on drawings @ 5% p.a. for the year ended 31st March 2023.

Solution:-

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