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Accountancy · 2024 · 1 mark

CBSE 2024 · Region 3 · Set 3 · Q12

Shrikant and Ajay were partners in a firm sharing profits and losses in the ratio of 5: 3. Shrikant withdrew ₹ 10,000 in the beginning of each…

Shrikant and Ajay were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : 3. Shrikant withdrew ₹ $\displaystyle 10{,}000$ in the beginning of each quarter during the year ended 31st March, 2023. Interest on Shrikant' s drawings @ $\displaystyle 6$% p.a for the year ended 31st March, $\displaystyle 2023$ will be :
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.