DK Goel Solutions Q 25 Chapter 1 Accounting for Partnership Firms-Fundamentals Class 12 CBSE [2023-24]
Step-by-step solution of Question 25, Chapter 1 Accounting for Partnership Firms – Fundamentals, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 25
(A) Gupta is a partner in a firm. He drew regularly ₹ 800 at the beginning of every month for the six months ending 31st March, 2022. Calculate interest on drawings at 15% p.a.
(B) Gupta is a partner in a firm. He drew regularly ₹ 800 at the end of every month for the six months ending 31st March, 2022. Calculate interest on drawings at 15% p.a.
(C) A, B and C are partners in a firm. For six months ending 31st March, 2022 :
A drew regularly ₹ 15,000 in the beginning of every month. B drew regularly ₹ 20,000 at the end of every month and C drew regularly ₹ 25,000 in the middle of every month.
Calculate interest on drawings @ 10% p.a. for six months ending 31st March, 2018.
Solution
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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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