Solution of Question number 34 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2024-25 Edition ISC Board.
Ram and Shyam are partners sharing profits equally. Ram drew regularly ₹ 4,000 at the end of every month starting from 31st October 2022 for six months ending 31st March 2024. Calculate the interest on drawings @ 5% p.a.
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