[NCERT] Q 25 Accounting for Partnership Basic Concepts Solutions Class 12 (2022-23)

Share your love

Solution of Question number 25 of Accounting for Partnership Basic Concepts NCERT Accountancy solution Class 12 CBSE Board 2022-23 Session?

Harish is a partner in a firm. He withdrew the following amounts during the year 2019:

May 20194,000
August 201912,000
September 20194,000
December 201912,000
March 20204,000

Interest on drawings is to be charged @ 7 and 1/2% p.a.

Calculate the amount of interest to be charged on Harish’s drawings for the year ending December 31, 2020.

[Ans: Interest on Drawings, ₹ 1,800]


Share your love
Anurag Pathak
Anurag Pathak

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 and can download the Android & ios app for free lectures.

Articles: 5473

Leave a Reply

Your email address will not be published. Required fields are marked *


Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.