[ISC] Q. 40 Solution of Fundamentals of Partnership Firms TS Grewal Book ISC (2026-27)

Solution of Question number 40 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2026-27 Edition ISC Board.

Raman and Karan are in partnership from 1st April, 2023 with capitals of ₹ 10,00,000 each. Raman withdrew equal amount at the middle of every month starting April, 2023. Interest on drawings of Raman @ 10% p.a. for the year ended 31st March, 2024 was ₹ 4,800. Determine the amount withdrawn each month by Raman.

Solution:-