[ISC] Q. 47 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)
Solution of Question number 47 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2024-25 Edition ISC Board.
Amrit and Kamal started business on 1st April, 2023 with capitals of ₹ 10,00,000 and ₹ 5,00,000 respectively. Kamal withdrew ₹ 12,000 in the middle of each month. Interest on drawings was calculated ₹ 5,400 for the year ended 31st March, 2024. Determine the rate of interest on drawings.
Solution:-
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