Ram and Mohan, two partners, drew for their personal use ₹ 1,20,000 and ₹ 80,000. Interest is chargeable @ 6% p.a. on the drawings
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Brij and Mohan are partners in a firm. They withdrew ₹ 48,000 and ₹ 36,000 respectively during the year evenly in the middle of every month
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Dev withdrew ₹ 10,000 on the 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s Drawings.
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One of the partners in a partnership firm has withdrawn ₹ 9,000 at the end of each quarter, throughout the year
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A and B are partners sharing profits equally. A drew regularly ₹ 4,000 in the beginning of every month for six months ended 30th September
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A and B are partners sharing profits equally. A drew regularly ₹ 4,000 at the end of every month for six months ended 30th September
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B and C are partners sharing profits equally. C regularly withdrew ₹ 5,000 per month in the beginning of the month
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Calculate interest on drawings of Sanjay @ 10% p.a. for the year ended 31st March 2023, in each of the following alternative cases:
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The capital accounts of Tisha and Divya showed credit balances of ₹ 10,00,000 and ₹ 7,50,000 respectively
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A, B, and C are partners. During the year ended 31st March 2023, each of the partners withdrew ₹ 10,000 regularly. A withdrew in the beginning of the first 6 months
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