# Calculate the amount of Shiv’s quarterly drawings for the year ended 31st March 2023, in the following alternative cases when Partnership Deed allows interest on drawings @ 12% p.a.:

**Calculate the amount of Shiv’s quarterly drawings for the year ended 31st March 2023, in the following alternative cases when Partnership Deed allows interest on drawings @ 12% p.a.:**

(i) If interest on drawings is ₹ 1,500 and he withdrew a fixed amount in the beginning of each quarter.

(ii) If interest on drawings is ₹ 1,200 and he withdrew a fixed amount in the middle of each quarter.

(iii) If interest on drawings is ₹ 900 and he withdrew a fixed amount at the end of each quarter.

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

Anurag Pathak Changed status to publish April 11, 2023