Question

[105. TESL Un Drawings : Dhoni 1,600 Yuvraj 1,127)
27. Ganguly and Dravid are partners in a firm sharing profits and losses in the ratio of 3 : 2 with
capitals of * 70,000 and * 50,000 respectively. They withdrew from the firm the following
amounts for their personal use :
Ganguly
Date
Amount
₹
May 31, 2015
600
June 30, 2015
500
August 31, 2015
1,000
November 1, 2015
400
December 31, 2015
1,500
January 31, 2016
300
March 1, 2016
700
Dravid At the beginning of each month
400
Interest is to be charged @ 6% per annum. Calculate interest on drawings assuming that books of
accounts are closed on March 31, 2016.
Ans. Interest on Drawings : Ganguly 126,50 ; Dravid 156]​

Answer 1

Ganguly:126.50 ;Dravid:156