[NCERT] Q 22 Accounting for Partnership Basic Concepts Solutions Class 12 (2022-23)

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Solution of Question number 22 of Accounting for Partnership Basic Concepts NCERT Accountancy solutions Class 12 CBSE Board 2022-23 Session?

Bharam is a partner in a firm. He withdraws ₹ 3,000 at the starting of each month for 12 months. The books of the firm are closed on March 31 every year. Calculate interest on drawings if the rate of interest is 10% p.a.

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[Ans: Interest on Drawings, ₹ 1,950]

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Solution:-

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