B and C are partners sharing profits equally. C regularly withdrew ₹ 5,000 per month in the beginning of the month for six months ended 30th September 2023. Calculate interest on drawings @ 12% p.a. for the year ended 31st March 2024.
Solution:
Q. 42 Class 12 – Fundamentals of Partnership Firms (TS Grewal 2026-27) [CBSE] Explained
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M Meenakshi
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I am a M. Com Gold Medalist from Osmania University in 1999. And a UGC NET Qualified in June 1999.
My passion and interest are in the areas of Accountancy & Financial Management. Over the last ~20 years, I have been teaching students (predominantly in Class XI, XII – All Boards and B. Com Students across Universities.