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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 1 · Set 2 · Q2

Tula, Ram and Madhvi were partners in a firm. The partnership deed provided for interest on partners drawings @ 12% p.a. The firm closes its books on…

Tula, Ram and Madhvi were partners in a firm. The partnership deed provided for interest on partners drawings @ $\displaystyle 12$% p.a. The firm closes its books on 31st March every year. Starting from 31st December, $\displaystyle 2025$ Madhvi withdrew ₹ $\displaystyle 40,000$ at the end of every month for her personal use. Interest on Madhvi's drawings will be :
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