SolveItNCERT · CBSE Boards
✓ Board-verified
Accountancy · 2024 · 1 mark

CBSE 2024 · Region 3 · Set 1 · Q1

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 :
OR
Abha, Manju and Rhea were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 3$ : 4. During the year ended 31st March, $\displaystyle 2023$, Rhea withdrew ₹ $\displaystyle 30,000$ at the beginning of each half year. Interest on Rhea' s drawings @ $\displaystyle 10$% p.a. for the year ended 31st March, $\displaystyle 2023$ will be :

More from Accounting for Partnership: Basic Concepts

CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.