Calculate the interest on drawings of Sh. Ganesh @ 9% p.a. for the year ended 31st March, 2024, in each of the following alternative cases:
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Calculate the interest on drawings of Mr. Aditya @ 8% p.a. for the year ended 31st March, 2024, in each of the following alternative cases
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X, Y and Z are partners in a firm. You are informed that (i) X draws ₹ 4,000 from the firm at the beginning of every month, (ii) Y draws ₹ 4,000 from the firm at the end of every month
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Gopal is a partner in a firm. He withdrew ₹ 1,000 p.m. regularly on the first day of every month during the year ended 31st March, 2024 for personal expenses
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A and B are partners sharing profits and losses equally with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Their drawings during the year ending on 31st March, 2023 are as follows
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A is a partner in a firm. During the year ended 31st March, 2024, A’s drawings were:
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Mr. Ashok Gupta is a partner in a firm. He withdrew the following amounts during the year ended 31st March, 2024
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X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2 with capitals of ₹ 10,00,000 and ₹ 5,00,00 respectively. As per the partnership deed, they are to be allowed interest on capital @ 8% p.a
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A and B are partners in a firm sharing profits in the ratio of 1 : 2. Their capitals on 1st April 2023 were ₹ 4,00,000 and ₹ 6,00,000 respectively
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A and B are partners sharing profits and loss in the ratio of their capitals which were ₹ 6,00,000 and ₹ 4,00,000 respectively on 1st April 2023. The partnership deed provides that:
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