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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 2 · Set 3 · Q7

Nandita and Prabha were partners in a firm manufacturing furniture. They were sharing profits and losses in the ratio of $\displaystyle 8$:'7. During the year ended 31st March $\displaystyle 2025$, Nandita withdrew ₹ $\displaystyle 80,000$ in cash and ₹ $\displaystyle 20,000$ as furniture for her personal use. The partnership deed provided for charging interest on partner's drawings @ $\displaystyle 6$% p.a. The amount of interest on Nandita's drawings for the year ended 31st March $\displaystyle 2025$ was :

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