# Calculate the amount of Shiv’s quarterly drawings for the year ended 31st March 2023, in the following

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 â‚¹ 1,500 and he withdrew a fixed amount in the beginning of each quarter.

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

(iii) If interest on drawings is â‚¹ 900 and he withdrew a fixed amount at the end of each quarter.

[Ans: Amount of Drawings; (i) â‚¹ 5,000; (ii) â‚¹ 5,000; (iii) â‚¹ 5,000.]

Anurag Pathak Changed status to publish April 11, 2024