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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 5 · Set 2 · Q13

Arora and Gurmeet were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : 2. Starting from 1st October, $\displaystyle 2024$ Arora withdrew $\displaystyle 30,000$ at the beginning of each quarter for his personal use. Interest on drawings was to be charged @ $\displaystyle 1$'2.% per annum. Interest on Arora's drawings for the year ended 31st March, $\displaystyle 2025$ was :

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