Calculate the amount of Manan’s monthly drawings for the year ended 31st March, 2023, in the following alternatives cases when Partnership Deed allows interest on drawings @ 10% p.a.:

Calculate the amount of Manan’s monthly drawings for the year ended 31st March 2023, in the following alternatives cases when the Partnership Deed allows interest on drawings @ 10% p.a.:

(i) If interest on drawings is ₹ 1,950 and he withdrew a fixed amount in the beginning of each month.

(ii) If interest on drawings is ₹ 2,400 and he withdrew a fixed amount in the middle of each month.

(iii) If interest on drawings is ₹ 2,750 and he withdrew a fixed amount at the end of each month.

[Ans: Amount of Drawings: (i) ₹ 3,000; (ii) ₹ 4,000; (iii) ₹ 5,000.]