[ISC] Q. 37 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

Solution of Question number 37 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2024-25 Edition ISC Board.

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 2023. Rajat drew regularly ₹ 10,000 at the end of every month for six months ending 30th September 2023. Bishan drew regularly ₹ 10,000 in the middle of every month for six months ended 30th September 2023. Calculate interest on drawings @ 5% p.a. for the year ended 31st March 2024.

Solution:-

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