DK Goel Solutions Q 24 Chapter 1 Accounting for Partnership Firms-Fundamentals Class 12 CBSE [2023-24]
Step-by-step solution of Question 24, Chapter 1 Accounting for Partnership Firms – Fundamentals, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 24
Calculate the interest on drawings of Sh. Ganesh @ 9% p.a. for the year ended 31st March, 2021, in each of the following alternative cases :
- Case (i) If he withdrew ₹ 4,000 p.m. in the beginning of every month;
- (ii) If he withdrew ₹ 5,000 p.m. at the end of every month.;
- (iii) If he withdrew ₹ 6,000 p.m;
- (iv) If he withdrew ₹ 72,000 during the year;
- (v) If he withdrew as follows : 30th April, 2020 — ₹ 10,000; 1st July, 2020 — ₹ 15,000; 1st Oct., 2020 — ₹ 18,000; 30th Nov., 2020 — ₹ 12,000; 31st March, 2021 — ₹ 20,000
- (vi) If he withdrew ₹ 12,000 in the beginning of each quarter;
- (vii) If he withdrew ₹ 18,000 at the end of each quarter;
- (viii) If he withdrew ₹ 18,000 during the middle of each quarter.
Solution
All questions of Chapter 1
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About this solution
This is Chapter 1 Accounting for Partnership Firms – Fundamentals of DK Goel For 2024 Examinations.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
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